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96 South Street

The Balloon Museum Signs Five-Year Lease For 54,000 Square Feet At 96 South Street
LEASEDRetail

The Balloon Museum Signs Five-Year Lease For 54,000 Square Feet At 96 South Street

96 South Street

Building Size

54,000 SF

Asset Type

Retail

Closing

Feb 23, 2026

AI

The property asset involved in the transaction is a retail space located at 96 South Street within the Seaport District. The total square footage of the property is 54,000, and it will serve as the U.S. flagship location for The Balloon Museum, which is taking over the space previously occupied by existing tenants as part of Seaport Entertainment Group's preparations for the area.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Lease Term: five-year
  • Landlord: Matthew Partridge - Seaport Entertainment Group
  • Tenant: Roberto Fantauzzi - The Balloon Museum

Matthew Partridge represents Seaport Entertainment Group as the landlord in this lease agreement, while Roberto Fantauzzi is the tenant representing The Balloon Museum in this transaction.

Players

Seaport Entertainment Group
Seaport Entertainment GroupLandlord

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