facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

149 Spring Street, New York...

Piombo Leases Retail Space At 149 Spring Street In New York City
LEASEDRetail

Piombo Leases Retail Space At 149 Spring Street In New York City

149 Spring Street, New York City, New York 10012, United States

$300

$300/SF

Building Size

3,810 SF

Asset Type

Retail

Closing

Dec 5, 2022

AI

A retail property located at 149 Spring Street in New York City has been leased. The lease transaction took place on 12/05/2022, involving the property's landlord EMP Capital and the tenant Piombo.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $300 per square foot
  • Square Footage: 3,810
  • Address: 149 Spring Street, New York City
  • Market: New York City

The deal was negotiated by brokers Carolina Aziz and Ike Bibi from KSR, representing the landlord, and David Baker from Sinvin, representing the tenant. Carolina Aziz and Ike Bibi worked together on behalf of KSR, while David Baker represented Sinvin.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
EC
EMP CapitalLandlord
P
PiomboTenant

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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93