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416 W 13th St, New York, NY...

RENNDA Leases 1200 SF Retail Space In New York With Sara Armet - Retail By Mona
LEASEDRetail

RENNDA Leases 1200 SF Retail Space In New York With Sara Armet - Retail By Mona

416 W 13th St, New York, NY, 10014

Building Size

1,200 SF

Asset Type

Retail

Closing

Nov 8, 2021

AI

The retail property located at 416 W 13th St, New York, NY, 10014, with a total space of 1200 square feet, was recently leased in New York. The tenant, RENNA, was represented by Sara Armet from Retail By Mona, while the landlord, Greenway Mews Realty, secured the deal. The transaction took place on 11/08/2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Tenant: RENNA
  • Tenant's Representative: Sara Armet (Retail By Mona)
  • Landlord: Greenway Mews Realty
  • Landlord's Representative: Matthew Cohen
  • Address: 416 W 13th St, New York, NY, 10014
  • Market: New York
  • Square Feet: 1200

Sara Armet from Retail By Mona played a crucial role as the tenant's representative in the leasing deal, showcasing expertise in securing favorable terms for RENNA. On the other side, Matthew Cohen represented Greenway Mews Realty, ensuring the landlord's interests were well-protected throughout the negotiation process.

Players

Matthew Cohen

Maverick Commercial Mortgage

Broker

$5M

vol

5 deals

Broker

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