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
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