CBRE Representatives Secure Mixed Use Lease For DeVOL Kitchens At 28 Bond Street, Noho, Manhattan
28 Bond St, Mosman Nsw 2088, Australia
Building Size
3,450 SF
Asset Type
Mixed-use
Closing
Nov 28, 2020
AI
Located at 28 Bond Street in Noho, Manhattan, this mixed-use property recently went through a closed transaction. The property consists of 3,450 square feet, with 1,950 square feet on the ground floor and an additional 1,500 square feet in the cellar. The asking rent for the space was $250.
Summary of transaction details
- Property Type: Mixed Use
- Tenant: @devolkitchens
- Brokers: Jon Kamali, Brad Cohen of CBRE
Representing both the landlord and the tenant in this deal were Jon Kamali and Brad Cohen of CBRE, formerly of Eastern Consolidated. They facilitated the transaction between the property owner and @devolkitchens, securing the lease agreement.
Players
Sydney 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93