Boyar Gifts Leases Retail Space At 388 Bleecker Street In West Village
388 Bleecker Street, New York City, New York 10012, United States
Building Size
750 SF
Asset Type
Retail
Closing
Mar 8, 2022
AI
Located in the vibrant West Village neighborhood of New York City, a retail space at 388 Bleecker Street has been leased. The transaction was finalized on March 9, 2022.
Summary of transaction details:
- Property Type: Retail
- Address: 388 Bleecker Street
- Market: West Village
- Tenant: Boyar Gifts
- Tenant's Representative: Kevin West - Meridian Retail Leasing
- Landlord's Representative: Nami New York Property LLC
- Asking Rent: $240 per square foot
- Square Footage: 750
Boyar Gifts, represented by Kevin West from Meridian Retail Leasing, will be occupying this retail space. Nami New York Property LLC served as the landlord's representative in the transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93