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149 Spring Street

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

$300

$300/SF

Building Size

3,810 SF

Asset Type

Retail

Closing

Dec 5, 2022

AI

Located at 149 Spring Street in the bustling market of New York City, this retail property has recently been involved in a lease transaction. The asset spans a total of 3,810 square feet and offers an excellent opportunity for a retail business.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 149 Spring Street
  • Market: New York City

In this lease deal, the landlord, Elie Pariente, has reached an agreement with the tenant, Piombo, to occupy the retail space at 149 Spring Street. The lease was facilitated by the joint efforts of Carolina Aziz and Ike Bibi from KSR, as well as David Baker from Sinvin. Carolina Aziz and Ike Bibi acted as representatives for the tenant, Piombo, in this transaction.

The asking rent for this retail space was set at $300 per square foot. This lease transaction represents a significant opportunity for Piombo to establish its presence in the vibrant retail market of New York City.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

Elie Pariente

EMP Capital Group

Landlord

$63.3M

vol

4 deals

Landlord
P
PiomboTenant

New York City 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