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101 Thompson Street

Hey Tea Leases Mixed-use Space At 101 Thompson Street In Soho Manhattan With Abraham Smouha's Representation
LEASEDMixed-use

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

Abraham Smouha

Corepoint RE

Broker

12 deals

Broker

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