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
About this deal
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.
On the Map
$300
$300/SF
Retail
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Players
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