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78 Leonard Street

Updated Sep 5, 2024

Goa Leases 7,291 SF Retail Space At 78 Leonard Street In Tribeca
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker
Newmark
NewmarkBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $89 per square foot on a published $89 for 7,291 square feet (2022).

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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

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