Doggy Day Care 2.0 Signs 10 Year Lease At 25 Peck Slip In Financial District
25 Peck Slip
$98
$98/SF
Building Size
1,835 SF
Asset Type
Retail
Closing
Nov 20, 2025
AI
The property involved in this transaction is a retail asset located at 25 Peck Slip in the Financial District. The asking rent is set at $98 per square foot for a space measuring 1,835 square feet. The lease term for this property is defined as 10 years under a Modified Gross Lease structure.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $98/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Julian Kiguel
- Tenant: Doggy Day Care 2.0
- Landlord's Representative: Steven Evans, Emre Bozkurt & Eric Meyer - Platinum Commercial
This transaction involved key individuals including the landlord Julian Kiguel and the tenant represented by Doggy Day Care 2.0. The landlord's representation was executed by Steven Evans, Emre Bozkurt, and Eric Meyer from Platinum Commercial, who facilitated the lease agreement for the retail property.
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
161867.35%
Cash-on-Cash
-46262.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93