Thor Equities Leases 3800 SF At 158 Franklin St New York With Tenant's Rep Jamie Weiner
158 Franklin St, New York, NY, 10013
$150
$150/SF
Building Size
3,800 SF
Asset Type
Retail
Closing
Sep 23, 2016
AI
The property involved in this lease transaction is located at 158 Franklin St, New York, NY, 10013. The market for this property is New York, and it comprises a total area of 3,800 square feet. The rent per square foot is set at $150.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 158 Franklin St, New York, NY, 10013
- Tenant's Representative: Jamie "Jamison" Weiner - Pembrook Capital Management
- Landlord's Representative: Kim Leone - Thor Equities
- Landlord: Thor Equities
- Square Feet: 3,800
- Rent/SF: $150
The tenants are represented by Jamie "Jamison" Weiner from Pembrook Capital Management, while the landlord is represented by Kim Leone from Thor Equities. This transaction highlights the involvement of established representatives from their respective firms in negotiating the lease agreement.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93