Briken Fejzullai Leases Retail Space At 77 Warren Street In TriBeCa
77 Warren Street, Manhattan, New York, NY, USA
Building Size
3,000 SF
Asset Type
Retail
Closing
Jul 19, 2020
AI
Located at 77 Warren Street in TriBeCa, this retail property recently completed a lease transaction. The asset spans approximately 3,000 square feet and is situated in a prime market.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 07/19/2021
- Address: 77 Warren Street
- Market: TriBeCa
The tenant, Briken Fejzullai, has signed the lease agreement with the landlord, Cornerstone Group. The leasing process was facilitated by the brokers John Roesch, Clayton Traynham, and James Famularo from Meridian Retail Leasing.
The asking rent for this retail property was approximately $140 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93