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
About this deal
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.
On the Map
$568
$568/SF
Retail
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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