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
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