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80 Wooster St, New York, NY...

The RealReal Leases Retail Space At 80 Wooster St, New York
LEASEDRetail

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:

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

Robin Abrams

Compass

Broker

8 deals

Broker
TR
The RealRealTenant

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