Ana Luisa Leases Retail Space At 385 Bleecker Street From Landlord Michel Francois
385 Bleecker Street
$568
$568/SF
Building Size
528 SF
Asset Type
Retail
Closing
Jan 6, 2025
AI
The property asset is located at 385 Bleecker Street, in the West Village market of Manhattan. It is a retail space with a square footage of 528. The asking rent for this property is set at $568 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $568/ft
- Address: 385 Bleecker Street
- Market: West Village, Manhattan
- Asset Type: Retail
- Landlord: Michel Francois
- Tenant: Ana Luisa
- Leasing Brokers: Pierre Cadourcy & Hillel Horovitz - Douglas Elliman; Dan Lahmi & Jeremie Lahmi - Sutton Square Group
In this transaction, Michel Francois acts as the landlord, while Ana Luisa is the tenant occupying the retail space. The deal involves brokers from two agencies: Douglas Elliman and Sutton Square Group, indicating a collaborative effort in securing the lease agreement.
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
27927.82%
Cash-on-Cash
-7981.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93