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77 Chambers Street

Feldman Realty Group Leases Retail Space At 77 Chambers Street To Sarku Japan
LEASEDRetail

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

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:

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.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker

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