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18 Christopher Street

Le Figure Signs Modified Gross Lease At 18 Christopher Street In West Village With Landlord Lionel Nazarian
LEASEDRetail

Le Figure Signs Modified Gross Lease At 18 Christopher Street In West Village With Landlord Lionel Nazarian

18 Christopher Street

$252

$252/SF

Building Size

500 SF

Asset Type

Retail

Closing

Feb 1, 2025

AI

The property asset involved in this transaction is a retail space located at 18 Christopher Street in the West Village market. The asking rent for this location is set at $252 per square foot, encompassing a total area of 500 square feet. The lease type is categorized as a Modified Gross Lease, with Lionel Nazarian serving as the landlord for this property.

Summary of transaction details:

This transaction showcases the engagement of brokers Greg Goldberg and Jake Herskowitz from Meridian Capital Group, representing the landlord and facilitating the lease agreement with Le Figure. Their expertise contributed to the successful negotiation and closure of this deal.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 deals

Broker

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

62948.41%

Cash-on-Cash

-17990.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93