Time Equities Leases Retail Space At 172 Spring Street In New York City To Infinite Jewelry With Brokers Jack Hamadani & Akram Mozeb - KSR
172 Spring Street
$300
$300/SF
Building Size
1,900 SF
Asset Type
Retail
Closing
Jan 3, 2023
AI
The lease of a retail space located at 172 Spring Street in New York City has been finalized. The property consists of 1,100 square feet on the ground level and an additional 800 square feet in the basement. The landlord of the property is Time Equities, and the tenant is Infinite Jewelry.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 172 Spring Street
- Market: New York City
- Size: 1,100 square feet (ground floor) + 800 square feet (basement)
The lease transaction was facilitated by brokers Jack Hamadani and Akram Mozeb from KSR. The asking rent for the space was $300 per square foot.
Players
New York City 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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93