facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

12 East 14th Street

Andersons Martial Arts Academy Leases Retail Space At 12 East 14th Street In Greenwich Village
LEASEDRetail

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.

Players

Jeffrey Karp

Latitude Property Group

Broker

$302.7M

vol

10 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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