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244 Lafayette Street

Tom Brady's Card Vault Signs Long Term Retail Lease At 244 Lafayette Street In Soho
LEASEDRetail

Tom Brady's Card Vault Signs Long Term Retail Lease At 244 Lafayette Street In Soho

244 Lafayette Street

$300

$300/SF

Building Size

1,600 SF

Asset Type

Retail

Closing

Sep 14, 2025

AI

The property asset involved in this transaction is a retail space located at 244 Lafayette Street in the Soho market of Manhattan. The asking rent for this property is $350 per square foot, and it encompasses a total of 1,600 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $350/ft
  • Address: 244 Lafayette Street
  • Market: Soho, Manhattan
  • Landlord: Jack Terzi - JTRE Holdings
  • Tenant: Card Vault - Tom Brady
  • Landlord's Representative: Richard Skulnik - Ripco
  • Broker: Matthew Seigel - Lantern Real Estate
  • Lease Type: Retail Lease

Card Vault, represented by Tom Brady, has signed a long-term lease for their New York Flagship location, highlighting the significance of this transaction in the retail landscape.

Players

Richard Skulnik

Ripco

Broker

9 deals

Broker
Lantern Real Estate
Lantern Real EstateBrokerage
Ripco
RipcoBrokerage
Jack Terzi

Jack Terzi

JTRE Holdings

Landlord

$114.6M

vol

13 deals

Landlord
JTRE Holdings
JTRE HoldingsLandlord

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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93