Atelier Leases Retail Space At 57 Great Jones Street In New York City
57 Great Jones St New York, NY 10012, USA
$170
$170/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jun 1, 2023
AI
The retail property located at 57 Great Jones Street in New York City has been leased. The property, spanning 5,000 square feet, was leased by Atelier, with Angelina Jolie as the tenant. The lease transaction was facilitated by John Roesch, Garrett Kelly, and James Famularo from Meridian Capital Group, acting as the landlord's representatives. Richard Johnson from Odyssey Realty served as the tenant's representative.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 57 Great Jones Street, New York City
- Market: New York City
- Tenant: Atelier - Angelina Jolie
- Landlord: 57 Great Jones Street - Robert Van Acken
- Landlord's Representatives: John Roesch, Garrett Kelly, and James Famularo from Meridian Capital Group
- Tenant's Representative: Richard Johnson from Odyssey Realty
- Asking Rent: $170 per square foot
The lease deal involved several individuals and companies. Robert Van Acken owned the property and acted as the landlord. The tenant, Atelier, is led by Angelina Jolie. John Roesch, Garrett Kelly, and James Famularo from Meridian Capital Group represented the landlord's interests in the deal, while Richard Johnson from Odyssey Realty represented the tenant. The lease was finalized with an asking rent of $170 per square foot for the 5,000 square feet of retail space.
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
93311.76%
Cash-on-Cash
-26668.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93