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77 Christopher Street

Gatsby Enterprise Leases Retail Space To Brookies At 77 Christopher Street In West Village
LEASEDRetail

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

Aaron Aziz

ARA

Broker

47 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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93