Zev Sohne & Noah Sohne Lease Retail Space To @JCrew X @JacksStirBrew At 19 Bond Street
19 Bond Street
Building Size
4,200 SF
Asset Type
Retail
Closing
Jul 25, 2024
About this deal
AI
This retail property, located at 19 Bond Street in Noho, Manhattan, features a total square footage of 4,200. The asking rent for the space is set at $285 per square foot and the lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $285/ft
- Address: 19 Bond Street
- Market: Noho, Manhattan
- Square Footage: 4,200
- Lease Type: Modified Gross Lease
- Landlord: Zev Sohne & Noah Sohne
- Tenant: @JCrew x @JacksStirBrew
- Landlord's Rep: Jon Kamali & Jeremy Kamali - J3K Real Estate
- Tenant's Rep: Karen Bellantoni & Pierce Thompson - Newmark & Steve Merkle - Open Realty Advisors
The deal involved multiple representatives, including Jon Kamali and Jeremy Kamali representing the landlords through J3K Real Estate. The tenant, @JCrew x @JacksStirBrew, was represented by Karen Bellantoni and Pierce Thompson from Newmark, along with Steve Merkle from Open Realty Advisors.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
55659.65%
Cash-on-Cash
-15907.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93