facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

39 Lispenard Street

Updated Oct 13, 2026

Kevin Nassimi & Arman Noghreh Lease Retail Space To Isabel Sullivan Gallery In Tribeca, Manhattan
LEASEDRetail

Kevin Nassimi & Arman Noghreh Lease Retail Space To Isabel Sullivan Gallery In Tribeca, Manhattan

39 Lispenard Street

$110

$110/SF

Building Size

2,150 SF

Asset Type

Retail

Closing

Nov 27, 2023

About this deal

AI

The retail space located at 39 Lispenard St. in Tribeca, Manhattan has been leased. The property spans 2,150 square feet and was leased by Isabel Sullivan Gallery. The lease transaction was facilitated by Andrew Stern of Newmark, representing the landlord Kevin Nassimi and Arman Noghreh. Sarah Shannon of Sinvin Real Estate represented the tenant, Isabel Sullivan Gallery. The asking rent for the space was $110 per square foot.

Summary of transaction details

The lease transaction for the retail space at 39 Lispenard St. was successfully completed. Andrew Stern of Newmark represented the landlords, Kevin Nassimi and Arman Noghreh, in the deal. Sarah Shannon of Sinvin Real Estate acted as the tenant's representative for Isabel Sullivan Gallery. This lease provides an opportunity for the gallery to establish a presence in the vibrant Tribeca market.

On the Map

Open live map

$110

$110/SF

Retail

View full map

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

85 deals

Broker

Kevin Nassimi

The Nassimi Group

Landlord

5 deals

Landlord

Isabel Sullivan

Gallery

Tenant

1 deal

Tenant
Bilt advertisement

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Deal FAQ

About $110 per square foot on a published $110 for 2,150 square feet (2023).

Visit Sarah Shannon to view all their deals.

Browse New York retail leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets