Walter Samuels Leases Retail Space At 90 Hudson Street To Playto Daycare In Tribeca
90 Hudson Street
$125
$125/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
May 6, 2024
AI
The property asset involved in this transaction is a retail lease located at 90 Hudson Street in Tribeca, Manhattan. The asking rent for this location is $125 per square foot, and the total square footage of the leased space is 5,000 square feet.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $625,000
- Address: 90 Hudson Street
- Market: Tribeca, Manhattan
- Landlord: Walter Samuels
- Tenant: Playto Daycare
- Landlord's Representative: Christopher Owles - Sinvin
- Tenant's Representatives: Duvy Biller, Sherry Chera & Chandler Slate - Tri State Commercial Realty
- Lease Type: Retail Lease
The deal features a rapidly expanding tenant, Playto Daycare, which is actively searching for additional sites across New York City to accommodate its growth strategy.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93