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192 Spring Street

Updated Oct 29, 2024

Cut And Cropped Signs Lease For Retail Space At 192 Spring Street In New York City
LEASEDRetail

Cut And Cropped Signs Lease For Retail Space At 192 Spring Street In New York City

192 Spring Street

$240

$240/SF

Building Size

500 SF

Asset Type

Retail

Closing

Apr 25, 2023

About this deal

AI

The retail property at 192 Spring Street (East Store) in New York City has been leased. The tenant, Cut And Cropped, will occupy a space of approximately 500 square feet. The landlord, CB Funding Corp, has agreed to a lease deal with an asking rent of $240 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Leased
  • Address: 192 Spring Street (East Store), New York City
  • Tenant: Cut And Cropped
  • Landlord: CB Funding Corp
  • Asking Rent: $240/ft
  • Square Footage: 500
  • Date: 04/25/2023
  • Broker: James Famularo - Meridian Capital Group

This lease transaction was facilitated by James Famularo from Meridian Capital Group, representing the tenant Cut And Cropped. The deal was successfully negotiated, bringing together the landlord CB Funding Corp and the tenant for this retail space in New York City.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $240 per square foot on a published $240 for 500 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

66095.83%

Cash-on-Cash

-18890.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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