Updated Jun 6, 2025
Dennis J. Sigovich Leases Mixed-Use Space To Heyday Vintage In Philadelphia For $35/ft
157 159 North Third Street
$35
$35/SF
Building Size
1,279 SF
Asset Type
Mixed-use
Closing
May 14, 2025
About this deal
AI
The leased property is located at 157-159 North Third Street in Philadelphia, featuring a mixed-use asset type. The asking rent for this space is set at $35 per square foot, and it encompasses a total area of 1,279 square feet. The lease established is characterized as a NNN Lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $35/ft
- Square Footage: 1,279 SF
- Address: 157-159 North Third Street
- Market: Philadelphia
- Landlord: Dennis J. Sigovich
- Tenant: Heyday Vintage
- Broker: Billy Creagh – National Realty Commercial
In this transaction, Dennis J. Sigovich serves as the landlord, while Heyday Vintage takes on the role of the tenant. The broker facilitating the deal is Billy Creagh, representing National Realty Commercial.
Philadelphia Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93