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681 Washington Street

Ciccio CinCin Leases 1400 SF Retail Space At 681 Washington Street From Anastasios Hairatidis
LEASEDRetail

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:

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

Jeremy Kamali

J3K Real Estate

Broker

$9.5M

vol

24 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

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93