Walkers Espresso Leases Retail Space In West Village Manhattan For $280/SF
37 7th Avenue
$280
$280/SF
Building Size
300 SF
Asset Type
Retail
Closing
Mar 25, 2024
AI
The retail property located at 37 7th Avenue - Space C in the West Village, Manhattan, was leased out on 03/25/2024. The asset, a total of 300 square feet, was leased by Walkers Espresso from the landlord Abe Sanieoff. The deal was facilitated by brokers Greg Goldberg and Chris Medeiros from Meridian Capital Group. The agreed upon asking rent for the space was $280 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Market: West Village, Manhattan
Greg Goldberg and Chris Medeiros from Meridian Capital Group were the brokers representing the deal. Walkers Espresso successfully leased the retail space from landlord Abe Sanieoff, at an asking rent of $280 per square foot. The property is situated in the vibrant West Village market of Manhattan.
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
56653.57%
Cash-on-Cash
-16191.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93