Jack Vartanian Leases 1200 SF At 146 Spring St New York From The Conte Family
146 Spring St, New York, NY, 10012
$550
$550/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jul 20, 2018
AI
The property involved in this lease transaction is located at 146 Spring St, New York, NY, 10012. It is situated in the New York market and encompasses a total area of 1,200 square feet with a rent amount of $550 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not provided
- Address: 146 Spring St, New York, NY, 10012
- Market: New York
- Landlord: The Conte Family
- Tenant: Jack Vartanian
- Landlord's Representative: Joel Isaacs
- Square Feet: 1200
- Rent/SF: 550
This transaction features key individuals such as Jack Vartanian as the tenant and Joel Isaacs representing the landlord, The Conte Family. Their involvement in the deal highlights the roles played by each party in the leasing process.
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
28841.82%
Cash-on-Cash
-8243.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93