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6 Harrison Street

Danielle Frankel Leases Retail Space At 6 Harrison Street In Tribeca From Joseph McDonnell
LEASEDRetail

Danielle Frankel Leases Retail Space At 6 Harrison Street In Tribeca From Joseph McDonnell

6 Harrison Street

Building Size

13,267 SF

Asset Type

Retail

Closing

Apr 11, 2025

AI

The retail asset located at 6 Harrison Street in Tribeca has a total square footage of 13,267. The property has been leased, although it is unclear if this involves a new shop or a relocation from the Garment District studio.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 6 Harrison Street
  • Market: Tribeca
  • Landlord: Joseph McDonnell - Cirrus Real Estate Partners
  • Tenant: Danielle Frankel
  • Tenant's Representative: Noah Jay

This lease transaction involves Danielle Frankel, a bridal label, signifying a significant real estate move in the Tribeca market. The representation for the tenant was handled by Noah Jay, providing expertise in securing the lease for the property.

Players

Noah Jay

Compass

Broker

10 deals

Broker

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