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40 Wooster St, New York, NY...

Project RT Signs Lease At 40 Wooster Street In Soho
LEASEDMixed-use

Project RT Signs Lease At 40 Wooster Street In Soho

40 Wooster St, New York, NY 10013, USA

Building Size

2,000 SF

Asset Type

Mixed-use

Closing

Jun 24, 2019

AI

Located in the vibrant neighborhood of Soho, the mixed-use property at 40 Wooster Street has recently completed a closed transaction. This property encompasses a total area of 2,000 square feet and boasts a prime location in the Soho market. The transaction took place on June 25, 2019, with an asking price of $23,750 and a price per square foot of $142.50.

Summary of transation details

  • Property Type: Mixed Use
  • Transaction Amount: $23,750
  • PPSF: $142.50
  • SF: 2,000
  • Address: 40 Wooster Street
  • Market: Soho

Handling the deal on behalf of the landlord, Northwind Group, was Meridian Retail Leasing, represented by Greg Goldberg and James Famularo. On the other side, MHP Real Estate Services, with Christine Emery as their representative, acted on behalf of Project RT, the tenant involved in the transaction.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

71 deals

Broker
Northwind Group
Northwind GroupLender
Northwind Group
Northwind 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93