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391 Greenwich St, New York,...

Strazzullo Law Firm Leases Retail Space At 391 Greenwich Street In Tribeca
LEASEDRetail

Strazzullo Law Firm Leases Retail Space At 391 Greenwich Street In Tribeca

391 Greenwich St, New York, NY 10013, USA

Building Size

10,000 SF

Asset Type

Retail

Closing

Jan 28, 2020

AI

The retail space located at 391 Greenwich Street in Tribeca has been involved in a recent closed transaction. The property spans approximately 1,000 square feet and was rented by Strazzullo Law Firm. The landlord in this deal is Ponte Equities, and the broker representing the transaction is Anthony M Ponte.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $120
  • Tenant: Strazzullo Law Firm
  • Landlord: Ponte Equities
  • Broker: Anthony M Ponte

Sal Strazzullo and Anthony M Ponte were involved in this closed transaction for the retail space at 391 Greenwich Street in Tribeca. The deal was facilitated by Anthony M Ponte, who represented the tenant, Strazzullo Law Firm. The successful transaction resulted in a rental agreement with a monthly rent of $120 for the 1,000 square foot space.

Players

Anthony M Ponte

Stonegate Real Estate

Broker

$14.6M

vol

9 deals

Broker
PE
Ponte EquitiesLandlord

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