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106 South Street

David Silvera Of Silvera Properties Leases Retail Space To Kinship Coffee In Financial District
LEASEDRetail

David Silvera Of Silvera Properties Leases Retail Space To Kinship Coffee In Financial District

106 South Street

$85

$85/SF

Building Size

953 SF

Asset Type

Retail

Closing

Nov 3, 2024

AI

The retail asset involved in this transaction is located at 106 South Street in the Financial District. The lease type is a Retail Lease, with an asking rent of $85 per square foot for a total area of 953 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $85/ft
  • Address: 106 South Street
  • Market: Financial District
  • Landlord: David Silvera - Silvera Properties
  • Tenant: Kinship Coffee
  • Brokers: Abe Smouha, Richard Bailey & Steven Shamula - RJBRE

The deal features the proactive efforts of RJBRE in facilitating the introduction of Kinship Coffee to the Financial District, showcasing a collaboration among the brokers Abe Smouha, Richard Bailey, and Steven Shamula.

Players

Richard Bailey

RJBRE

Broker

14 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

186623.53%

Cash-on-Cash

-53337.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93