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.
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