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177 Lafayette Street, New Y...

Sushidelic LLC Leases Mixed-Use Space In Soho At 177 Lafayette St For Expansive Restaurant
LEASEDMixed-use

Sushidelic LLC Leases Mixed-Use Space In Soho At 177 Lafayette St For Expansive Restaurant

177 Lafayette Street, New York City, New York 10013, United States

$250

$250/SF

Building Size

2,500 SF

Asset Type

Mixed-use

Closing

Oct 3, 2022

AI

Located at 177 Lafayette St in the bustling Soho market, this mixed-use property recently underwent a lease transaction. The deal was closed on October 3, 2022, with the tenant, Sushidelic LLC, securing the space offered by the landlord, Eretz Group. The property spans approximately 2,500 square feet and features a combination of residential, commercial, and retail spaces.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Date: October 3, 2022
  • Address: 177 Lafayette St
  • Market: Soho

Represented by Hiro Nishida and Steven Evans of Platinum Properties NYC, the lease deal was successfully closed. Both brokers played a crucial role in facilitating the transaction between Sushidelic LLC and Eretz Group. The asking rent for the property was set at $250 per square foot.

Players

Steven Evans

Platinum Commercial

Broker

$36.1M

vol

47 deals

Broker
EG
Eretz GroupLandlord

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

63452.00%

Cash-on-Cash

-18134.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93