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37 Cornelia Street, Manhatt...

Updated Oct 28, 2024

Meridian Capital Group Represents The Green Room In Lease Of Retail Space At 37 Cornelia Street
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

204 deals

Broker
Steve Croman

Steve Croman

Centennial Properties

Landlord

$50.1M

vol

40 deals

Landlord

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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

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