Klosed Properties Leases 5,070 SF Retail Space At 80 John Street In Financial District
80 John Street, Manhattan, New York, NY, USA
Building Size
5,070 SF
Asset Type
Retail
Closing
Jul 4, 2021
About this deal
AI
The retail space located at 80 John Street in the Financial District has been leased. The lease transaction took place on July 4, 2021. The property, spanning a total of 5,070 square feet, comprises 4,170 square feet of gym space and a 900 square foot vestibule entrance. The market where the property is situated is the Financial District.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 80 John Street
- Square Footage: 5,070 SF (4,170 SF Gym space + 900 SF vestibule entrance)
- Market: Financial District
The tenant who leased the property is Sweat440 NYC, represented by Aric Trakhtenberg and Ravi Idnani of Newmark. The landlord of the retail space is Klosed Properties, specifically Steven Kachanian.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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