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38 White Street

Andrew Stern And Mai Shachi Of Newmark Represent Landlord In Tribeca Retail Lease For $120/ft
LEASEDRetail

Andrew Stern And Mai Shachi Of Newmark Represent Landlord In Tribeca Retail Lease For $120/ft

38 White Street

$120

$120/SF

Building Size

5,840 SF

Asset Type

Retail

Closing

Feb 21, 2026

AI

The property asset involved in this transaction is a retail space located at 38 White Street in the Tribeca market of Manhattan. The total area of the space is 5,840 square feet, with an asking rent of $120 per square foot. The lease type for this transaction is a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $120/ft
  • Square Footage: 5,840
  • Address: 38 White Street
  • Market: Tribeca, Manhattan
  • Landlord's Representative: Andrew Stern & Mai Shachi - Newmark
  • Tenant's Representative: Jonathan Travis - Redwood Property Group

This transaction highlights the involvement of two main parties in the leasing arrangement, with Andrew Stern and Mai Shachi representing the landlord through Newmark, while Jonathan Travis represents the tenant through Redwood Property Group.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93