Heavenly Market Signs Retail Lease With Landlord Xan Goldberg At 193 Spring Street
193 Spring Street
$275
$275/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Oct 1, 2024
AI
The retail property located at 193 Spring Street in the SoHo market includes a lease with an asking rent of $275 per foot for a total square footage of 1,000. The asset type is specifically retail, making it suitable for businesses in the commercial sector.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $275/ft
- Address: 193 Spring Street
- Landlord: Xan Goldberg
- Tenant: Heavenly Market
- Landlord's Representative: Jeff Geoghegan - KSR
- Tenant's Representatives: Steve Costello & Richard Bailey - RJB Real Estate
- Lease Type: Retail Lease
- Square Footage: 1,000
Heavenly Market has secured a new location through this lease, and the representatives involved in the transaction are notable figures in real estate. Jeff Geoghegan represents the landlord, while the tenant is represented by Steve Costello and Richard Bailey from RJB Real Estate. The market for this transaction is recognized for its retail opportunities.
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
57683.64%
Cash-on-Cash
-16486.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93