Avi Schron Of Cammebys Leases Retail Space To Goody For 15 Years At Woolworth Building
9 Barclay Street
Building Size
5,000 SF
Asset Type
Retail
Closing
May 28, 2025
AI
The property asset involved is located at 9 Barclay Street in the Lower Manhattan market. This retail space encompasses 5,000 square feet and is situated on the ground floor of the Woolworth Building, which was previously occupied by Wooly Public.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 9 Barclay Street
- Market: Lower Manhattan
- Landlord: Avi Schron - Cammebys
- Tenant: Goody
- Brokers: David Ofman & Brian Siegel - Lawrence Group
The deal consists of a 15-year lease signed by Goody's, a French-inspired restaurant. The landlords, represented by Avi Schron, have entered into this leasing agreement as part of their management of the Woolworth Building's commercial spaces.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93