Preloved Luxury NYC Leases Retail Space At 192 Spring Street In New York City
192 Spring St New York, NY 10012, USA
$240
$240/SF
Building Size
500 SF
Asset Type
Retail
Closing
Jun 2, 2023
AI
A retail space located at 192 Spring Street in New York City has been leased in a recent transaction. The property, owned by CB Funding, will be occupied by Preloved Luxury NYC. The deal was facilitated by brokers James Famularo of Meridian Capital Group and Jonathan Goldberg & Samuel Riabkov of Metropolitan Property Group. The asking rent for the 500 square feet space was $240 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 192 Spring Street
- Market: New York City
In this lease agreement, CB Funding serves as the landlord, while Preloved Luxury NYC acts as the tenant. James Famularo from Meridian Capital Group and Jonathan Goldberg & Samuel Riabkov from Metropolitan Property Group represented the respective parties in the transaction.
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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93