Walter Samuels Leases Retail Space At 90 Hudson Street To Playto Daycare In Tribeca
90 Hudson Street, 90 Hudson Street, N.Y. N.Y. 10013, 90 Hudson Street, 90 Hudson Street, 90 Hudson Street, 90 Hudson Street & 90 Hudson Street
$125
$125/SF
Building Size
4,150 SF
Asset Type
Retail
Closing
May 6, 2024
About this deal
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.
On the Map
$125
$125/SF
Retail
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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