Roy Evans Leases 1,100 SF Mixed-Use Space At 41 Kenmare Street To Frame
41 Kenmare Street
$190
$190/SF
Building Size
1,100 SF
Asset Type
Mixed-use
Closing
Jun 1, 2026
AI
The property asset involved in this transaction is a mixed-use space located at 41 Kenmare Street in the Nolita market. The lease type is a modified gross lease, with an asking rent of $190 per square foot for a total area of 1,100 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $190/ft
- Square Footage: 1,100
- Address: 41 Kenmare Street
- Market: Nolita
- Landlord: Roy Evans
- Tenant: Frame
- Brokers: Tyler Zar, Tanner Zar & Adam Lavian - Titan Group New York
- Lease Type: Modified Gross Lease
Titan Group represented both the landlord, Roy Evans, and the tenant, Frame, in this deal. Within just two months of marketing the retail opportunity, Titan Group generated over 10 offers and successfully completed the transaction.
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
83489.47%
Cash-on-Cash
-23861.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93