The RealReal Leases Retail Space At 80 Wooster St, New York
80 Wooster St, New York, NY, 10012
Building Size
8,800 SF
Asset Type
Retail
Closing
Jul 17, 2021
AI
The property at 80 Wooster St, New York, NY, 10012, is an 8800 square feet retail space located in the bustling market of New York. This space serves as the home for The RealReal, with Jenel Management Corp. acting as the landlord for this prime retail location.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: The RealReal
- Tenant's Rep: Lisa Rosenthal(Compass), Robin Abrams(Compass)
- Landlord: Jenel Management Corp.
- Tenant's Rep: Richard Skulnick()
In this lease transaction that took place on 07/17/2021, Lisa Rosenthal and Robin Abrams from Compass represented The RealReal as the tenant, while Richard Skulnick was the landlord's representative. This deal highlights the collaboration between these key individuals and companies in securing a prime retail space in the heart of New York.
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