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:
- 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.
Players
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