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
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