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155 Rivington Street

W-Fit Yoga Leases Retail Space At 155 Rivington Street In Lower East Side
LEASEDRetail

W-Fit Yoga Leases Retail Space At 155 Rivington Street In Lower East Side

155 Rivington Street

$90

$90/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Aug 15, 2022

AI

The retail property located at 155 Rivington Street in the Lower East Side has been leased. The tenant, W-Fit Yoga, has secured a lease for the space. The property measures approximately 3,000 square feet. The landlord, Penn South Capital, facilitated the lease. The lease was arranged by brokers Jordan Raphan, Samuel Chera, and Jack Hanon from KSR. The asking rent for the retail space was $90 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 08/15/2022
  • Address: 155 Rivington Street
  • Market: Lower East Side

Jordan Raphan, Samuel Chera, and Jack Hanon from KSR acted as the brokers in this lease deal. They represented the tenant, W-Fit Yoga, in securing the lease for the retail space at 155 Rivington Street in the Lower East Side. Penn South Capital is the landlord of the property.

Players

Samuel Chera

Kassin Sabbagh Realty

Broker

29 deals

Broker
Penn South Capital
Penn South CapitalLandlord

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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93