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77 Warren Street, Manhattan...

Briken Fejzullai Leases Retail Space At 77 Warren Street In TriBeCa
LEASEDRetail

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

John Roesch

Meridian Capital Group

Broker

97 deals

Broker
CG
Cornerstone GroupLandlord

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