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153 Prince Street

Thatsodnyc Leases Mixed-Use Space At 153 Prince St. In Soho For $180/ft
LEASEDMixed-use

Thatsodnyc Leases Mixed-Use Space At 153 Prince St. In Soho For $180/ft

153 Prince Street

$180

$180/SF

Building Size

1,200 SF

Asset Type

Mixed-use

Closing

Feb 9, 2024

AI

The mixed-use property located at 153 Prince Street in Soho, Manhattan, was leased to Thatsodnyc. The property is under the ownership of BLDG Management. The lease, facilitated by Zelnik & Company brokers Jeremy Banilevi, Cory Zelnik, and Jason Turner, is a Modified Gross Lease with an asking rent of $180 per square foot for 1,200 square feet over a 10-year term.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not specified
  • Landlord: BLDG Management
  • Tenant: Thatsodnyc
  • Brokers: Jeremy Banilevi, Cory Zelnik & Jason Turner - Zelnik & Company
  • Address: 153 Prince Street
  • Market: Soho, Manhattan
  • Asking Rent: $180/ft
  • Lease Type: Modified Gross Lease
  • Lease Term: 10 years

The deal at 153 Prince Street involved the brokerage expertise of Jeremy Banilevi, Cory Zelnik, and Jason Turner from Zelnik & Company. Thatsodnyc will be leasing the property from BLDG Management under a Modified Gross Lease arrangement, marking a significant ten-year commitment to the space in Soho, Manhattan.

Players

Cory Zelnik

Zelnik & Company

Broker

$3M

vol

9 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

88127.78%

Cash-on-Cash

-25187.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93