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
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