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29 Spring Street, New York,...

ESNYC Leases Mixed-use Space In NoLiTa At 29 Spring St., Represented By Steven Bentolila - Oxford Property Group
LEASEDMixed-use

ESNYC Leases Mixed-use Space In NoLiTa At 29 Spring St., Represented By Steven Bentolila - Oxford Property Group

29 Spring Street, New York, NY 10012, USA

Building Size

300 SF

Asset Type

Mixed-use

Closing

Mar 31, 2021

AI

The mixed-use property located at 29 Spring St in NoLiTa has recently been leased. The deal was brokered by Steven Bentolila of Oxford Property Group. The tenant, ESNYC, has entered into an agreement with the landlord, Gordon Lau.

Summary of transaction details

  • Property Type: Mixed-use
  • Address: 29 Spring St
  • Market: NoLiTa
  • Tenant: ESNYC
  • Landlord: Gordon Lau
  • Broker: Steven Bentolila - Oxford Property Group
  • Asking Rent: $300/ft.
  • Square Footage: 300 SF

This lease transaction took place on 04/01/2021 and involved the leasing of a mixed-use property at 29 Spring St. Steven Bentolila from Oxford Property Group represented the tenant, ESNYC, in this deal. The asking rent for the space was $300 per square foot with a total area of 300 square feet.

Players

Steven Bentolila

Bento Property Group

Broker

$74.2M

vol

11 deals

Broker

Stony Point 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93