The Sani Group Leases Retail Space In West Village To Blank Street Coffee ☕️
37 7th Avenue, Manhattan, New York, NY, USA
Building Size
350 SF
Asset Type
Retail
Closing
Oct 29, 2020
About this deal
AI
Blank Street Coffee has signed a lease for a retail space at 37 Seventh Avenue in West Village, Manhattan. The property, spanning 350 square feet, was leased from The Sani Group. The lease transaction was facilitated by brokers Greg Goldberg and James Famularo from Meridian Retail Leasing, as well as Gabriel Staab and Charles Rapauno from Winick Realty Group. The asking rent for the space was $205 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 10/29/2021
- Address: 37 Seventh Avenue, West Village
- Landlord: The Sani Group
- Tenant: Blank Street Coffee
- Brokers: Greg Goldberg and James Famularo from Meridian Retail Leasing, Gabriel Staab and Charles Rapauno from Winick Realty Group
- Asking Rent: $205/ft.
- Square Footage: 350
Greg Goldberg and James Famularo from Meridian Retail Leasing, along with Gabriel Staab and Charles Rapauno from Winick Realty Group, played a key role in facilitating the lease deal between Blank Street Coffee and The Sani Group. Blank Street Coffee will now occupy the retail space at 37 Seventh Avenue in West Village.
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Retail
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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