facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

319 Greenwich Street

Weber Realty Management Leases Retail Space To Upon The Palace At 319 Greenwich Street
LEASEDRetail

Weber Realty Management Leases Retail Space To Upon The Palace At 319 Greenwich Street

319 Greenwich Street

$75

$75/SF

Building Size

6,500 SF

Asset Type

Retail

Closing

Nov 27, 2024

AI

The property asset involved in this lease transaction is located at 319 Greenwich Street in the Tribeca market. This retail space comprises approximately 6,500 square feet and is subject to a 15-year modified gross lease. The asking rent for the space is set at $85 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $85/ft
  • Address: 319 Greenwich Street
  • Market: Tribeca
  • Lease Term: 15 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Weber Realty Management
  • Tenant: Upon the Palace
  • Landlord's Representative: Joshua Singer - The Heller Organization
  • Tenant's Representative: Calvin Xu

This transaction features key individuals including Joshua Singer, who represents the landlord, Weber Realty Management, and Calvin Xu, representing the tenant, Upon the Palace. Their involvement is pivotal in facilitating the lease terms and finalizing the agreement.

Players

Joshua Singer

The Heller Organization

Broker

13 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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93