Goa Leases 7,291 SF Retail Space At 78 Leonard Street In Tribeca
78 Leonard Street
$89
$89/SF
Building Size
7,291 SF
Asset Type
Retail
Closing
Apr 25, 2022
About this deal
AI
The retail property located at 78 Leonard Street in Tribeca has been leased. The property spans 7,291 square feet and was leased to the tenant, Goa. The lease transaction was facilitated by Global Realty Services, who represented Goa, and James Famularo of Meridian Retail Leasing, who represented the landlord.
Summary of Transaction Details
- Property Type: Retail
- Address: 78 Leonard Street, Tribeca
- Tenant: Goa
- Tenant's Representative: Global Realty Services
- Landlord's Representative: James Famularo - Meridian Retail Leasing
- Asking Rent: $89.29/ft.
- Square Footage: 7,291 square feet
James Famularo from Meridian Retail Leasing played a key role as the landlord's representative in the lease deal for the retail property located at 78 Leonard Street in Tribeca. Global Realty Services acted as the representative for the tenant, Goa. The lease agreement was completed on April 26, 2022.
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
178235.96%
Cash-on-Cash
-50940.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93