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
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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93