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
- Property Type: Retail
- Transaction Amount: Lease
- Address: 91 Crosby St.
- Market: SoHo
- Tenant: Urban Native Era
- Tenant's Rep: George Skaliarinis & Carolina Aziz - KSR
- Landlord: Lori Biancamano
- Landlord's Rep: Lindsay Zegans & Richard Skulnik - RIPCO Real Estate
- Asking Rent: $264/ft.
- Square Footage: 1,100
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
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