Francis Greenburger Of Time Equities Leases Retail Space To Apollo Bagels At 41 John Street
41 John Street
$125
$125/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jan 1, 2025
AI
The retail asset located at 41 John Street in the FiDi market has a lease agreement in place. The asking rent is set at $125 per square foot for a total square footage of 2,000. The lease type is classified as a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $250,000
- Landlord: Francis Greenburger
- Landlord's Company: Time Equities
- Tenant: Apollo Bagels
- Landlord's Representative: Scott Schneidman & Scott Klatsky - Time Equities
- Tenant's Representative: David Green & Daniel Kestenbaum - KSR
The transaction involves key representatives from both sides. Scott Schneidman and Scott Klatsky are noted as the landlords' representatives, while David Green and Daniel Kestenbaum represent the tenant in this agreement.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93