facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

110 Thompson Street, New Yo...

Italian Cafe & Wine Bar Leases Retail Space In Soho At 110 Thompson St
LEASEDRetail

Italian Cafe & Wine Bar Leases Retail Space In Soho At 110 Thompson St

110 Thompson Street, New York City, New York 10012, United States

Building Size

750 SF

Asset Type

Retail

Closing

Apr 10, 2022

AI

110 Thompson Street, located in the Soho market, recently underwent a lease transaction. The property, which is classified as retail, was leased by Italian Cafe & Wine Bar, operated by IACCAS Corp. The tenant was represented by Alex Imperatore from Meridian Retail Leasing, while Cornerstone Management acted as the landlord's representative in the deal. The lease deal had an asking rent of $195 per square foot for a space spanning 750 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: April 11, 2022
  • Address: 110 Thompson Street
  • Market: Soho

Alex Imperatore from Meridian Retail Leasing played a crucial role as the tenant's representative, ensuring a successful lease deal for IACCAS Corp. On the other hand, Cornerstone Management represented the landlord's interests throughout the transaction.

Players

Alexander Imperatore

Polaris Property Group

Broker

12 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93