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385 Bleecker Street

Ana Luisa Leases Retail Space At 385 Bleecker Street From Landlord Michel Francois
LEASEDRetail

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:

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

Hillel Horovitz

Douglas Elliman

Broker

$17.4M

vol

4 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

27927.82%

Cash-on-Cash

-7981.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93