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91 Crosby Street

Urban Native Era Leases Retail Space At 91 Crosby St. In SoHo
LEASEDMixed-use

Urban Native Era Leases Retail Space At 91 Crosby St. In SoHo

91 Crosby Street

$264

$264/SF

Building Size

20,000 SF

Asset Type

Mixed-use

Closing

Sep 15, 2022

AI

The retail property located at 91 Crosby St. in SoHo has been leased. The property spans 1,100 square feet and was leased by Urban Native Era. The landlord, Lori Biancamano, was represented by Lindsay Zegans and Richard Skulnik from RIPCO Real Estate. Urban Native Era was represented by George Skaliarinis and Carolina Aziz from KSR. The lease was finalized on July 25, 2022. The asking rent for the property was $264 per square foot.

Summary of transaction details

The lease transaction was facilitated by George Skaliarinis and Carolina Aziz from KSR, who represented Urban Native Era, and Lindsay Zegans and Richard Skulnik from RIPCO Real Estate, who represented landlord Lori Biancamano. The lease agreement was signed on July 25, 2022.

Players

Carolina Aziz

Kassin Sabbagh Realty

Broker

$24.8M

vol

96 deals

Broker

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

60087.12%

Cash-on-Cash

-17173.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93