Meridian Capital Group Represents The Green Room In Lease Of Retail Space At 37 Cornelia Street
37 Cornelia Street, Manhattan, New York, NY, USA
Building Size
300 SF
Asset Type
Retail
Closing
May 2, 2021
About this deal
AI
37 Cornelia Street, located in Greenwich Village, has been leased to The Green Room. The retail property is owned by Steve Croman. The deal was facilitated by James Famularo, Andrew Ingber, and Ben Biberaj, who represented the landlord, as brokers from Meridian Capital Group. The asking rent for the 300 square feet space was $350 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 37 Cornelia Street
- Market: Greenwich Village
- Tenant: The Green Room
- Landlord: Steve Croman
- Brokers: James Famularo, Andrew Ingber, and Ben Biberaj - Meridian Capital Group
- Asking Rent: $350 per square foot
- Square Footage: 300
James Famularo, Andrew Ingber, and Ben Biberaj, brokers from Meridian Capital Group, successfully represented the landlord, Steve Croman, in the leasing deal with The Green Room.
Players
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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