Updated Oct 29, 2024
Mure & Grand Signs Lease For Retail Space At 155 Spring Street In SoHo
155 Spring Street
$450
$450/SF
Building Size
1,092 SF
Asset Type
Retail
Closing
Mar 31, 2023
About this deal
AI
The retail property located at 155 Spring Street in SoHo has been leased. The transaction was facilitated by KPG Funds, the landlord, and Mure + Grand, the tenant. The landlord was represented by Richard Skulnik, Ben Sabin, and Lindsay Zegans from Ripco, while Jack Hamadani from KSR acted as the tenant's representative.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $450/ft
- Square Footage: 1,092 SF
- Address: 155 Spring Street
- Market: SoHo
Notable details include an asking rent of $450 per square foot for a total of 1,092 square feet of retail space. KPG Funds served as the landlord in this transaction, with Richard Skulnik, Ben Sabin, and Lindsay Zegans from Ripco representing them. Mure + Grand, the tenant, was represented by Jack Hamadani from KSR.
Players
Boston 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
35251.11%
Cash-on-Cash
-10074.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93