Benchmark Real Estate Leases Retail Space To Asya Geisberg Gallery At 45 White Street In Tribeca, Manhattan
45 White Street
$130
$130/SF
Building Size
1,323 SF
Asset Type
Retail
Closing
Dec 15, 2023
About this deal
AI
The retail property located at 45 White Street in Tribeca, Manhattan has been leased. The landlord, Benchmark Real Estate, has reached an agreement with Asya Geisberg Gallery to lease the space. The lease type is a Modified Gross Lease, and the asking rent for the 1,323 square feet property is $130 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 45 White Street
- Market: Tribeca, Manhattan
- Landlord: Benchmark Real Estate
- Tenant: Asya Geisberg Gallery
- Asking Rent: $130/ft
- Square Footage: 1,323
- Lease Type: Modified Gross Lease
The lease deal was facilitated by Newmark, with brokers Andrew Stern, Mai Shachi, Andrew Taub, and Ross Berkowitz representing both the landlord, Benchmark Real Estate, and the tenant, Asya Geisberg Gallery.
On the Map
$130
$130/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93