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875 Washington Street

Dubai Watch Week Leases Retail Space In Meatpacking District At 875 Washington St
LEASEDRetail

Dubai Watch Week Leases Retail Space In Meatpacking District At 875 Washington St

875 Washington Street

$500

$500/SF

Building Size

4,985 SF

Asset Type

Retail

Closing

Sep 12, 2022

AI

The lease of a retail space in the Meatpacking District has been finalized at 875 Washington St. The property spans a total area of 4,985 square feet. The transaction took place on September 12, 2022.

Summary of transaction details

  • Property Type: Retail
  • Address: 875 Washington St.
  • Market: Meatpacking District

The landlord for this property is RRF Realty and Raycliff Capital. The tenant who has secured the lease is Dubai Watch Week. The deal was facilitated by the retail team at MONA, with Brandon Singer, Michael Cody, Suzanne Bernstock, and Max Kreinces representing the tenant. The asking rent for the space was $500 per square foot.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker

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

31726.00%

Cash-on-Cash

-9067.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93