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19 Bond Street

Zev Sohne & Noah Sohne Lease Retail Space To @JCrew X @JacksStirBrew At 19 Bond Street
LEASEDRetail

Zev Sohne & Noah Sohne Lease Retail Space To @JCrew X @JacksStirBrew At 19 Bond Street

19 Bond Street

$285

$285/SF

Building Size

4,200 SF

Asset Type

Retail

Closing

Jul 25, 2024

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:

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.

Players

Jon Kamali

J3K Real Estate

Broker

$139.3M

vol

31 deals

Broker

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

55659.65%

Cash-on-Cash

-15907.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93