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158 Franklin St, New York, ...

Thor Equities Leases 3800 SF At 158 Franklin St New York With Tenant's Rep Jamie Weiner
LEASEDRetail

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

Jamie Weiner

Pembrook Capital Management

Broker

$176M

vol

5 deals

Broker
Thor Equities
Thor EquitiesLandlord

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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93