Ciccio CinCin Leases 1400 SF Retail Space At 681 Washington Street From Anastasios Hairatidis
681 Washington Street
$130
$130/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Dec 1, 2024
AI
The property involved in this transaction is a retail space located at 681 Washington Street in the West Village. The asking rent for this modified gross lease is set at $130 per square foot, and the total space measures 1,400 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Lease Type: Modified Gross Lease
- Landlord: Anastasios Hairatidis
- Tenant: Ciccio CinCin
- Brokers: Jeremy Kamali & Justin Kamali - J3K Real Estate
Jeremy Kamali and Justin Kamali represent the tenant, Ciccio CinCin, in this transaction and have collaborated with the ownership to facilitate the lease agreement. Ciccio CinCin marks the second location of CICCIO Bar & Alimentari, expanding its presence from Soho to the West Village.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93