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.
Market 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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93