TQTO Signs Lease For Retail Space At 99 MacDougal St. In Greenwich Village
99 Macdougal Street
$220
$220/SF
Building Size
500 SF
Asset Type
Retail
Closing
Aug 1, 2022
About this deal
AI
The retail property located at 99 MacDougal St. in Greenwich Village has been leased. The property, with a size of approximately 500 square feet, was leased by TQTO. The landlord, Superior Management represented by Jonathan Nagin, successfully entered into the lease agreement with the tenant. The asking rent for the property was $220 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 99 MacDougal St.
- Market: Greenwich Village
TQTO, the tenant, has chosen to lease the retail property at 99 MacDougal St. The landlord, Superior Management, represented by Jonathan Nagin, facilitated the deal. The leasing transaction was successfully brokered by Titan Group New York, with Adam Lavian, Tyler Zar, and Tanner Zar representing the tenant and landlord.
Note: Titan Group New York serves as a tech-focused firm, providing guidance to both landlords and tenants in commercial and residential spaces. For more information, interested parties can contact the Titan Group directly, through Adam Lavian, Tanner Zar, or Tyler Zar.
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
72104.55%
Cash-on-Cash
-20607.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93