SoHo Pilates Leases 3500 Square Feet At 132 Crosby Street In Manhattan's SoHo
132 Crosby Street
$75
$75/SF
Building Size
3,500 SF
Asset Type
Mixed-use
Closing
Oct 30, 2025
AI
The transaction involves a mixed-use asset located at 132 Crosby Street in the SoHo market of Manhattan. The retail space spans 3,500 square feet and is leased at an asking rent of $75 per square foot. This deal is part of SoHo Pilates' expansion in New York City.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $75/ft
- Square Footage: 3,500
- Address: 132 Crosby Street
- Market: SoHo, Manhattan
- Landlord: Mosery Family
- Tenant: SoHo Pilates
- Landlord's Representative: Catherine O'Toole & Stephanie Moore - Lee & Associates
- Tenant's Representative: Jack Sash Basora & Mark Golberg - Tahari Realty
- Lease Type: Single Net Lease
The transaction is significant for the tenant representation team at Tahari Realty, which successfully negotiated favorable lease terms for SoHo Pilates. This achievement aligns with Tahari Realty’s established reputation in the market for providing tailored real estate solutions, emphasizing their strategic approach in identifying quality spaces in competitive areas of Manhattan.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93