Tom Brady's Card Vault Signs Long Term Retail Lease At 244 Lafayette Street In Soho
244 Lafayette Street
Building Size
1,600 SF
Asset Type
Retail
Closing
Sep 14, 2025
About this deal
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.
On the Map
Retail
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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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93