Heavenly Market Signs Modified Gross Lease For Retail Space At 75 Chambers Street In Tribeca, Manhattan
75 Chambers Street
$175
$175/SF
Building Size
2,075 SF
Asset Type
Retail
Closing
Oct 6, 2023
AI
The property involved in this lease transaction is a retail space located at 75 Chambers Street in Tribeca, Manhattan. The asset spans approximately 2,075 square feet and is owned by Feldman Realty Group, represented by Alexis Feldman. The tenant for this space is Heavenly Market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Asking Rent: $175/ft
- Square Footage: 2,075
- Address: 75 Chambers Street
- Market: Tribeca, Manhattan
- Landlord: Feldman Realty Group - Alexis Feldman
- Tenant: Heavenly Market
- Landlord's Representative: Darrell Rubens & Andrew Stern - Newmark
- Tenant's Representative: Sarkie Ampim - Batra Group Real Estate
- Lease Type: Modified Gross Lease
The deal was facilitated by Darrell Rubens and Andrew Stern from Newmark, serving as the landlord's representatives, and Sarkie Ampim from Batra Group Real Estate, who represented the tenant, Heavenly Market.
Players
Street 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
90645.71%
Cash-on-Cash
-25906.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93