Hey Tea Leases Mixed-use Space At 101 Thompson Street In Soho Manhattan With Abraham Smouha's Representation
101 Thompson Street
$186
$186/SF
Building Size
1,400 SF
Asset Type
Mixed-use
Closing
Jun 1, 2024
AI
The property involved in this transaction is located at 101 Thompson Street in Soho, Manhattan. It is a mixed-use asset with a lease type classified as a retail lease. The asking rent is set at $186 per square foot for a total area of 1,400 square feet. The landlord for this lease is Sarah Mgt.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $186/ft
- Square Footage: 1,400
- Address: 101 Thompson Street
- Market: Soho, Manhattan
- Landlord: Sarah Mgt
- Tenant: Hey Tea
- Broker: Abe Smouha - RJBRE
- Lease Type: Retail Lease
Abe Smouha from RJBRE represents the landlord in this transaction and is noted to be enthusiastic about bringing HeyTea to the Soho market. For leasing inquiries, Abe Smouha can be contacted at [email protected].
Players
New York 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
85284.95%
Cash-on-Cash
-24374.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93