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
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