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875 Washington Street

Breitling Leases Retail Space In Meatpacking District - $600/sf Asking Rent
LEASEDRetail

Breitling Leases Retail Space In Meatpacking District - $600/sf Asking Rent

875 Washington Street

$600

$600/SF

Building Size

3,807 SF

Asset Type

Retail

Closing

Mar 8, 2022

AI

An retail property located at 875 Washington Street in the Meatpacking District of New York City has been leased. The transaction took place on March 8, 2022. The property spans 3,807 square feet and was leased for an asking rent of $600 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Date: 03/08/2022
  • Address: 875 Washington Street
  • Market: Meatpacking District
  • Asking Rent: $600/ft.
  • Square Footage: 3,807

The landlord for this retail property is RFR Holding, while the tenant is Breitling. Jonathan Moss from M&M Consulting represented the tenant in the deal. On the landlord's side, Brandon Singer, Michael Cody, and Sara Armet from Retail By MONA served as representatives. The leasing transaction was successfully facilitated by these key individuals and companies.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
RFR
RFRLandlord

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

26438.33%

Cash-on-Cash

-7556.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93