Odd Muse Leases 4000 Square Feet Retail Space At 55 Mercer Street New York City
55 Mercer Street
Building Size
4,000 SF
Asset Type
Retail
Closing
Mar 20, 2025
AI
The transaction involves a retail asset located at 55 Mercer Street in the New York City market. The property encompasses a total of 4,000 square feet, with MKFH acting as the landlord. The agreement was finalized on March 20, 2025, accommodating the tenant, Odd Muse, under a lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 55 Mercer Street
- Market: New York City
- Square Feet: 4,000
- Tenant: Odd Muse
- Landlord: MKFH
- Tenant's Representative: Jake Horowitz (Colliers)
- Landlord's Representatives: Gary Alterman (Newmark), Richard Gelber (Newmark), Caleb Petersen (Newmark)
The deal was facilitated by several representatives from Newmark, highlighting the collaborative effort with Gary Alterman, Richard Gelber, and Caleb Petersen representing the landlord in the negotiation process. Jake Horowitz from Colliers represented the tenant, Odd Muse, in this lease agreement.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93