Brut Clothing Leases 1800 SF Retail Space At 37 Orchard Street New York With Tenant's Rep Hugh Byrne
37 Orchard Street
$133
$133/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Mar 26, 2025
AI
The property asset involved in this transaction is located at 37 Orchard Street in New York. The asset is categorized as retail space, with a total square footage of 1,800.0 square feet. The agreed rent per square foot for this lease is $133.33.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 37 Orchard Street
- Market: New York
- Tenant: Brut Clothing
- Landlord: Benjamin Esshaghian, Ali Tabrizi, David Khaloyan
- Tenant's Representative: Hugh Byrne (Tungsten Property)
- Landlord's Representatives: James Famularo (Meridian Capital Group), Jacob Mayer (Meridian Capital Group)
This transaction highlights the involvement of key representatives in the leasing arrangement. Hugh Byrne from Tungsten Property represents the tenant, while the landlord is represented by James Famularo and Jacob Mayer, both associated with Meridian Capital Group.
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
119270.68%
Cash-on-Cash
-34087.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93