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388 West Street

Weinberg Properties Leases Retail Space At 388 West Street To FlynnStoned With Retail By Mona Representatives
LEASEDRetail

Weinberg Properties Leases Retail Space At 388 West Street To FlynnStoned With Retail By Mona Representatives

388 West Street

$200

$200/SF

Building Size

4,000 SF

Asset Type

Retail

Closing

Mar 5, 2025

AI

The property asset involved in this transaction is a retail space located at 388 West Street in the West Village market. The asking rent for the property is $200 per square foot, encompassing a total of 4,000 square feet. This deal is characterized as a long-term retail lease.

Summary of transaction details:

Representing the landlord in this transaction is Weinberg Properties. The brokerage involved in facilitating this lease includes the team from Retail By Mona, which consists of Brandon Singer, Kim Levandovsky, Kelly Gedinsky, and William Isore.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93