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99 Macdougal Street

Updated Oct 28, 2024

TQTO Signs Lease For Retail Space At 99 MacDougal St. In Greenwich Village
LEASEDRetail

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

Adam Lavian

Titan Group New York

Broker

59 deals

Broker
SM
Superior ManagementLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $220 per square foot on a published $220 for 500 square feet (2022).

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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

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