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
About this deal
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.
On the Map
$100
$100/SF
Retail
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93