Feldman Realty Group Leases Retail Space At 77 Chambers Street To Sarku Japan
77 Chambers Street
$150
$150/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Oct 1, 2024
About this deal
AI
The retail asset located at 77 Chambers Street in the Tribeca market features a leasing arrangement under a Modified Gross Lease. The space encompasses 3,000 square feet and is being rented at an asking rate of $150 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $450,000
- Landlord: Feldman Realty Group
- Tenant: Sarku Japan
- Landlord's Representative: Andrew Stern & Darrell Rubens - Newmark
- Tenant's Representative: Abe Smouha & Richard Bailey - RJBRE
Key individuals involved in this lease transaction include Andrew Stern and Darrell Rubens representing the landlord, while Abe Smouha and Richard Bailey serve as representatives for the tenant. The collaboration of these representatives facilitated the successful completion of the lease agreement.
On the Map
$150
$150/SF
Retail
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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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93