Warby Parker Leases Retail Space In East Hampton At 48 Main Street From Elie Tahari
48 Main Street, East Hampton, New York 11937, United States
Building Size
1,341 SF
Asset Type
Retail
Closing
Dec 31, 2021
About this deal
AI
Warby Parker, the popular eyewear retailer, has secured a lease for a retail space in East Hampton. The property, located at 48 Main Street, offers a total of 1,341 square feet of space. The lease was signed on 01/01/2022 with an asking rent of $125 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 48 Main Street
- Market: East Hampton
The landlord for this transaction is Elie Tahari, while Warby Parker is the tenant. The deal was facilitated by Jeremey Tahari, the Managing Partner and Licensed Real Estate Salesperson at Tahari Capital. Jeremey represented the tenant, Warby Parker, throughout the lease negotiation process.
East Hampton 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