Gatsby Enterprise Leases Retail Space To Brookies At 77 Christopher Street In West Village
77 Christopher Street
$300
$300/SF
Building Size
600 SF
Asset Type
Retail
Closing
Oct 30, 2024
AI
The retail lease transaction involved a property located at 77 Christopher Street in the West Village, Manhattan. The asset comprises 600 square feet and has an asking rent of $300 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $180,000
- Landlord: Gatsby Enterprise
- Tenant: Brookies
- Lease Type: Retail Lease
- Date of Transaction: 10/30/2024
- Brokers: Aaron Aziz & Josh Sarraf - ARA
Aaron Aziz and Josh Sarraf represented the landlord, Gatsby Enterprise, in this leasing transaction involving Brookies as the tenant. Their expertise facilitated the negotiation and conclusion of this retail lease agreement.
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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93