Black Horse Capital Leases Retail Space At 105 Nassau Street To Rio Grande Prosperity
105 Nassau Street
$100
$100/SF
Building Size
3,102 SF
Asset Type
Retail
Closing
Jan 6, 2025
AI
The retail property located at 105 Nassau Street in the Financial District comprises a total square footage of 3,102. The asking rent for this lease is set at $100 per square foot. This transaction is identified as a long-term modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Lease Term: Long term
- Lease Type: Modified Gross Lease
- Landlord: Black Horse Capital
- Tenant: Rio Grande Prosperity
- Landlord's Representative: Ravi Idnani & Andrew Stern - Newmark
- Tenant's Representative: Andrew Feldman & Alex Zhao - The Corcoran Group
This transaction involved notable individuals from prominent agencies. Ravi Idnani and Andrew Stern represented Black Horse Capital through Newmark, while Andrew Feldman and Alex Zhao acted on behalf of Rio Grande Prosperity through The Corcoran Group.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93