Lilly Silk Leases Retail Space At 654 Hudson Street In Meatpacking With Reps David Tricarico & Stephanie Pena
654 Hudson Street
$165
$165/SF
Building Size
1,550 SF
Asset Type
Retail
Closing
Dec 6, 2023
AI
The lease of a retail space at 654 Hudson Street in the Meatpacking market has been finalized. The property is owned by Comjem Associates and the tenant is Lilly Silk. The deal was brokered by Jack Mishaan , Albert Manopla, and Jack Khaski of Kassin Sabbagh Realty, while David Tricarico and Stephanie Pena of Colliers International represented the tenant, Lilly Silk. The retail space, measuring 1,550 square feet, was leased at an asking rent of $165 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 654 Hudson Street
- Market: Meatpacking
- Landlord: Comjem Associates
- Tenant: Lilly Silk
- Brokers: Jack Mishaan, Albert Manopla, and Jack Khaski - Kassin Sabbagh Realty
- Tenant's Rep: David Tricarico and Stephanie Pena - Colliers International
- Asking Rent: $165/ft
- SF: 1,550
The deal was successfully closed, bringing together the landlord, Comjem Associates, and the tenant, Lilly Silk. The agreement was facilitated by brokers Jack Mishaan, Albert Manopla, and Jack Khaski of Kassin Sabbagh Realty, who worked alongside Lilly Silk's representatives, David Tricarico and Stephanie Pena of Colliers International. The lease was signed for a retail space measuring 1,550 square feet on 654 Hudson Street in the Meatpacking market, with an asking rent of $165 per square foot.
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
96139.39%
Cash-on-Cash
-27476.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93