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361 Broadway, New York City...

Almine Rech Gallery Leases Retail Space In Tribeca At 361 Broadway
LEASEDRetail

Almine Rech Gallery Leases Retail Space In Tribeca At 361 Broadway

361 Broadway, New York City, New York 10013, United States

Building Size

9,422 SF

Asset Type

Retail

Closing

Jun 30, 2022

AI

Located at 361 Broadway in Tribeca, this retail property recently completed a lease transaction. The property, spanning approximately 9,422 square feet, was leased by Almine Rech Gallery. The lease was facilitated by brokers Ravi Idnani, Jonathan Travis, and Andrew Stern from Newmark. The lease agreement was signed on 07/01/2022.

Summary of transaction details

  • Property Type: Retail
  • Address: 361 Broadway, Tribeca
  • Tenant: Almine Rech Gallery
  • Brokers: Ravi Idnani, Jonathan Travis, and Andrew Stern from Newmark
  • Lease Date: 07/01/2022
  • Square Footage: 9,422

The retail lease transaction at 361 Broadway in Tribeca was facilitated by Ravi Idnani, Jonathan Travis, and Andrew Stern from Newmark. Almine Rech Gallery is the tenant of the property. The lease agreement marks an important milestone for both the tenant and the landlord, BSC Assets, represented by Jourdan Krauss.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker

Jourdan Krauss

Landlord

$23.3M

vol

3 deals

Landlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93