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90 Hudson Street

Walter Samuels Leases Retail Space At 90 Hudson Street To Playto Daycare In Tribeca
LEASEDRetail

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:

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

Chandler Slate

Tri State Commercial Realty

Broker

$10.7M

vol

33 deals

Broker

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