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:
- Property Type: Retail
- Transaction Amount: $252/ft
- Square Footage: 500
- Address: 18 Christopher Street
- Market: West Village
- Landlord: Lionel Nazarian
- Tenant: Le Figure
- Brokers: Greg Goldberg & Jake Herskowitz - Meridian Capital Group
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
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