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37 Orchard Street

Brut Clothing Leases 1800 SF Retail Space At 37 Orchard Street New York With Tenant's Rep Hugh Byrne
LEASEDRetail

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:

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

Ali Tabrizi

Landlord

$63.1M

vol

14 deals

Landlord

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