facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

432 Sixth Avenue

The Nutcracker Leases Retail Space At 432 Sixth Avenue In Greenwich Village For 12 Years
LEASEDRetail

The Nutcracker Leases Retail Space At 432 Sixth Avenue In Greenwich Village For 12 Years

432 Sixth Avenue

$280

$280/SF

Building Size

3,800 SF

Asset Type

Retail

Closing

Apr 30, 2025

AI

The property involved in this transaction is a retail space located at 432 Sixth Avenue in the Greenwich Village market. The asking rent for this asset is $280 per square foot, covering a total area of 3,800 square feet. The lease agreement is structured as a modified gross lease with a term of 12 years.

Summary of transaction details:

This deal involves key representatives from both the landlord and tenant sides. Nicholas Forelli represents Solil Management, while Joshua Singer and Nick Marshall represent The Nutcracker through The Heller Organization.

Players

Joshua Singer

The Heller Organization

Broker

13 deals

Broker
The Feil Organization
The Feil OrganizationBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

56653.57%

Cash-on-Cash

-16191.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93