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75 Chambers Street

Heavenly Market Signs Modified Gross Lease For Retail Space At 75 Chambers Street In Tribeca, Manhattan
LEASEDRetail

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

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker
HM
Heavenly MarketTenant

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