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192 Spring St New York, NY ...

Preloved Luxury NYC Leases Retail Space At 192 Spring Street In New York City
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 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

66095.83%

Cash-on-Cash

-18890.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93