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
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