Cafe Binx Leases Retail Space At 39 Christopher Street Represented By Noam Aziz Of Meridian Capital Group
39 Christopher Street
$346
$346/SF
Building Size
520 SF
Asset Type
Retail
Closing
Nov 1, 2024
AI
The retail asset located at 39 Christopher Street, situated in the West Village, encompasses a square footage of 1,040. The asking rent for this property is set at $347 per square foot, and it operates under a Modified Gross Lease agreement. The landlord for this transaction is Village Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $347/ft
- Square Footage: 1,040
- Address: 39 Christopher Street
- Market: West Village
- Lease Type: Modified Gross Lease
- Landlord: Village Realty
- Tenant: Cafe Binx
- Tenant's Representative: Noam Aziz - Meridian Capital Group
The transaction involves multiple parties, with Noam Aziz representing the tenant, Cafe Binx, through Meridian Capital Group. This representation underscores the professional engagement in facilitating the leasing agreement between the involved entities.
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
45846.82%
Cash-on-Cash
-13103.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93