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90 West Street, New York, N...

Gorillas NYC Battery Park Leases Retail Space At 90 West Street In FiDi
LEASEDRetail

Gorillas NYC Battery Park Leases Retail Space At 90 West Street In FiDi

90 West Street, New York, NY 10006, USA

Building Size

3,390 SF

Asset Type

Retail

Closing

May 21, 2020

AI

A lease agreement has been finalized for a retail space at 90 West Street in the Financial District (FiDi) of New York City. The transaction took place on May 21, 2021. The property, spanning 3,390 square feet, is located in a prime market area.

Summary of transaction details:

  • Property Type: Retail
  • Address: 90 West Street, FiDi, New York City
  • Tenant: Gorillas NYC Battery Park
  • Landlord: IGI Group - Dan Oelsner
  • Tenant's Representative: RIPCO
  • Landlord's Representatives: James Famularo, Yoni Hadar & Scott McAnney - Meridian Retail Leasing
  • Asking Rent: $95 per square foot

Gorillas NYC Battery Park 🦍 is the tenant that has secured the lease for this retail space. The landlord, IGI Group, represented by Dan Oelsner, finalized the deal. The tenant was represented by RIPCO, while the landlord was represented by James Famularo, Yoni Hadar, and Scott McAnney from Meridian Retail Leasing.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93