Apollo Bagels Leases Retail Space At 73 Greenwich Avenue From 201-207 West 11th Associates LLC
73 Greenwich Avenue
$230
$230/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jul 1, 2024
AI
This retail asset, located at 73 Greenwich Avenue in Greenwich Village, Manhattan, consists of 1,000 square feet and was leased at an asking rent of $230 per foot. The property is part of a transaction between Apollo Bagels as the tenant and 201-207 West 11th Associates LLC, represented by Llyod Goldman as the landlord.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $230/ft
- Square Footage: 1,000
- Address: 73 Greenwich Avenue
- Market: Greenwich Village, Manhattan
- Tenant: Apollo Bagels
- Landlord: 201-207 West 11th Associates LLC - Llyod Goldman
- Assignor Rep: Stephen Ligambi - Meridian Capital Group
- Tenant's Rep: Daniel Kestenbaum & David Green - KSR
- Lease Type: Assignment
- Key Money Deal: Yes
- Former Tenant: Zazzys Pizza
The transaction involved key representatives: Stephen Ligambi acted on behalf of the seller, the former tenant Zazzys Pizza, while KSR represented Apollo Bagels through Daniel Kestenbaum and David Green. This arrangement highlights the collaboration between the firms involved in this leasing assignment.
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
68969.57%
Cash-on-Cash
-19711.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93