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:
- Property Type: Retail
- Transaction Amount: $200/ft
- Square Footage: 4,000
- Address: 388 West Street
- Market: West Village
- Landlord: Weinberg Properties
- Tenant: FlynnStoned
- Lease Type: Retail Lease
- Lease Term: Long Term
- Brokers: Brandon Singer, Kim Levandovsky, Kelly Gedinsky & William Isore - Retail By Mona
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
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