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105 Nassau Street

Black Horse Capital Leases Retail Space At 105 Nassau Street To Rio Grande Prosperity
LEASEDRetail

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:

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

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker

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