Retail Space Leased In TriBeCa's 412 Greenwich St. By L'Abeille With SCG As Tenant's Rep
412 Greenwich Street, Manhattan, New York, NY 10013, USA
Building Size
2,500 SF
Asset Type
Retail
Closing
Oct 1, 2021
AI
The retail property located at 412 Greenwich St. in TriBeCa has been leased. The property, with a total area of 2,500 square feet, was leased by tenant L'Abeille. The lease transaction was facilitated by David Firestein, Jenna Heidenberg, and Amanda Sujak of SCG, representing the tenant. The landlord, The Sterling Mason - Taconic Partners, was represented by Brandon Singer and Michael Cody of Retail By MONA. The lease was finalized on October 1, 2021.
Summary of Transaction Details:
- Property Type: Retail
- Asking Rent: $150 per square foot
- Total Square Footage: 2,500
- Date: October 1, 2021
- Address: 412 Greenwich St.
- Market: TriBeCa
The leasing transaction brings tenant L'Abeille to the prime retail space at 412 Greenwich St. in TriBeCa. The lease agreement was negotiated by David Firestein, Jenna Heidenberg, and Amanda Sujak of SCG, who represented the tenant in the deal. On the landlord's side, Brandon Singer and Michael Cody of Retail By MONA acted as The Sterling Mason - Taconic Partners' representatives. This lease agreement provides L'Abeille with a prominent retail presence in the vibrant TriBeCa market.
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