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172 Thompson Street, New Yo...

Tomoe Sushi Leases 1,000 SF Retail Space In NoHo, Manhattan
LEASEDRetail

Tomoe Sushi Leases 1,000 SF Retail Space In NoHo, Manhattan

172 Thompson Street, New York, NY, USA

Building Size

1,000 SF

Asset Type

Retail

Closing

Oct 19, 2021

AI

Aaron Aziz of Avenue Realty Advisors represented both the tenant and the landlord in a lease transaction for a retail space located at 172 Thompson St. in NoHo, Manhattan. The property spans 1,000 square feet and features an asking rent of $220 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 10/20/2021
  • Address: 172 Thompson St.
  • Market: NoHo, Manhattan

Tomoe Sushi has leased the 1,000-square-foot space in NoHo's heart on Thompson Street. With a brand new owner leading the operation, the beloved sushi restaurant, known for its 30-year-old chef, will have a grand opening by the end of the year. Tomoe Sushi has long been a staple in the NoHo neighborhood.

Avenue Realty Advisors, also known as ARA, specializes in representing both landlords and tenants. Whether large or small, ARA aims to connect high-quality tenants with quality landlords. For owners with vacant commercial spaces or tenants looking for new or additional commercial spaces, ARA's leasing specialists are available to provide expert advice and guidance.

To learn more about Avenue Realty Advisors, you can visit their website at www.aranyc.com, and for inquiries, you can contact Aaron Aziz, Principal Broker, at 516.355.8018 or [email protected], and James Bullaro, Managing Director, at 917.270.8360 or [email protected].

If you're interested in joining the ARA team, you can reach out to them through their website's contact form at www.aranyc.com/contact.

Players

Aaron Aziz

ARA

Broker

47 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93