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42 North Moore Street

Courtney Applebaum Design Leases Retail Space At 42 North Moore Street For 10 Years
LEASEDRetail

Courtney Applebaum Design Leases Retail Space At 42 North Moore Street For 10 Years

42 North Moore Street

$100

$100/SF

Building Size

4,100 SF

Asset Type

Retail

Closing

Sep 30, 2025

AI

The property involved is a retail space located at 42 North Moore Street in the Tribeca market of Manhattan. The asset features a total square footage of 4,100 and is under a modified gross lease for a term of 10 years, with an asking rent of $100 per foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $410,000
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Triarch
  • Tenant: Courtney Applebaum Design
  • Landlord's Representative: Andrew Stern & Julia Singer - Newmark
  • Tenant's Representative: Philip Katz - Katz NYC

This transaction is represented by Andrew Stern and Julia Singer from Newmark for the landlord, while Philip Katz from Katz NYC represents the tenant. The deal highlights the collaboration between these representatives in securing the lease for the retail space.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93