Greenwich Gifts Leases Retail Space At 70a Greenwich Ave. In West Village
70 Greenwich Avenue, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Nov 1, 2021
About this deal
AI
A retail space located at 70a Greenwich Ave. in the West Village has been leased in a recent transaction. The property, measuring approximately 1,000 square feet, was leased by Greenwich Gifts. The lease deal was facilitated by David Green from KSR, who represented the tenant, and Ben Biberaj from Meridian Retail Leasing, who represented the landlord, Thomas Graham. The asking rent for the space was $175 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: November 1, 2021
- Address: 70a Greenwich Ave.
- Market: West Village
- Landlord: Thomas Graham
- Tenant: Greenwich Gifts
- Tenant's Representative: David Green - KSR
- Landlord's Representative: Ben Biberaj - Meridian Retail Leasing
- Asking Rent: $175 per square foot
- Size: 1,000 square feet
This lease transaction was successfully completed with the assistance of David Green from KSR, who represented Greenwich Gifts, the tenant. Ben Biberaj from Meridian Retail Leasing acted as the landlord's representative, assisting Thomas Graham throughout the deal.
Players
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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