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
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