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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
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