KPG Funds Leases 1200 Square Feet At 153 Spring St New York To Tenant With Edward Coury’s Representation
153 Spring St, New York, NY, 10012
Building Size
1,200 SF
Asset Type
Retail
Closing
Jan 19, 2022
AI
The property involved in this transaction is located at 153 Spring St, New York, NY, 10012. It is situated in the New York market and encompasses a total area of 1,200 square feet. The landlord for this lease is KPG Funds.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 153 Spring St, New York, NY, 10012
- Market: New York
- Square Feet: 1,200
- Landlord: KPG Funds
- Tenant's Representative: Edward Coury - RCS Real Estate Advisors
Edward Coury represents the tenant in this transaction, facilitating the lease agreement with the landlord KPG Funds. His role as the tenant's representative is crucial in navigating the terms and conditions of the lease.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93