Andersons Martial Arts Academy Leases Retail Space At 12 East 14th Street In Greenwich Village
12 East 14th Street
$125
$125/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jul 4, 2024
AI
The retail asset located at 12 East 14th Street is situated in the Greenwich Village market of Manhattan. This property features a leased space of 5,000 square feet with an asking rent of $125 per square foot. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $625,000
- Address: 12 East 14th Street
- Market: Greenwich Village, Manhattan
- Landlord: Arnold Toren
- Tenant: Andersons Martial Arts Academy (AMAA)
- Broker: Jeffrey Karp - Latitude Property Group
Jeffrey Karp from Latitude Property Group represented the deal and facilitated the lease for Andersons Martial Arts Academy, which is noted for being among NYC's most respected dojos and fighting academies. Sifu Anderson has extensive experience in martial arts, having trained individuals from various backgrounds and worked with elite military and law enforcement personnel.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93