Steven Croman Leases Mixed-Use Property At 68 Clinton Street To Tru Cannabis For $170/ft
68 Clinton Street
$170
$170/SF
Building Size
1,300 SF
Asset Type
Mixed-use
Closing
Sep 10, 2026
About this deal
AI
The property located at 68 Clinton Street in the Lower East Side is a mixed-use asset. It features a modified gross lease agreement with an asking rent of $170 per square foot for a total square footage of 1,300. The lease term spans 10 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $170/ft
- Square Footage: 1,300
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Steven Croman
- Tenant: Tru Cannabis
- Landlord's Representative: Mark Golberg - Tahari Realty
- Tenant's Representatives: Jack Hamadani & Isaac Cooper - KSR
The deal involved representatives from different firms, with Mark Golberg from Tahari Realty representing the landlord Steven Croman, while the tenant Tru Cannabis was represented by Jack Hamadani and Isaac Cooper from KSR.
On the Map
$170
$170/SF
Mixed-use
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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
93311.76%
Cash-on-Cash
-26668.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93