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
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