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188 Grand Street

Updated Mar 11, 2025

Building Equity Management Leases Retail Space To Grande Gusto Restaurant At 188 Grand Street In SoHo East, Manhattan
LEASEDRetail

Building Equity Management Leases Retail Space To Grande Gusto Restaurant At 188 Grand Street In SoHo East, Manhattan

188 Grand Street

$195

$195/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Sep 1, 2023

About this deal

AI

Grande Gusto Restaurant has recently signed a lease agreement for a retail space located at 188 Grand Street in the SoHo East neighborhood of Manhattan. The property, managed by Building Equity Management, offers a total area of 2,500 square feet. The lease is classified as a full-service gross lease, with an asking rent of $195 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease Agreement
  • Address: 188 Grand Street
  • Market: SoHo East, Manhattan
  • Landlord: Building Equity Management
  • Tenant: Grande Gusto Restaurant
  • Broker: Jared Minc - Building Equity Management LLC
  • Asking Rent: $195/ft
  • Square Footage: 2,500
  • Lease Type: Full-Service Gross

The lease transaction was facilitated by Jared Minc from Building Equity Management LLC, acting as the landlord's representative throughout the deal. Grande Gusto Restaurant, an esteemed eatery, will soon be opening its doors at this prime retail space, adding to the vibrant culinary scene in SoHo East.

Players

Jared Minc

Building Equity Management

Broker

$148.9M

vol

20 deals

Broker
Building Equity Management
Building Equity ManagementLandlord

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $195 per square foot on a published $195 for 2,500 square feet (2023).

Visit Jared Minc to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

81348.72%

Cash-on-Cash

-23249.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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