Tony Kissling Leases Retail Space At 195 Spring Street To Rivareno Gelato With KSR As Tenant's Rep
195 Spring Street
Building Size
1,100 SF
Asset Type
Retail
Closing
Sep 11, 2024
About this deal
AI
The property involved in this transaction is a retail asset located at 195 Spring Street in the SoHo market. The asking rent for the space is $325 per square foot for a total area of 1,100 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $325/ft
- Address: 195 Spring Street
- Market: SoHo
- Landlord: Tony Kissling
- Tenant: Rivareno Gelato
- Landlord's Representative: Julie Ann Johnson - CORE
- Tenant's Representatives: Maddy Soffer & Brandon Berger - KSR
- Lease Type: Retail Lease
The deal includes representatives from both parties, showcasing the involvement of Julie Ann Johnson from CORE as the landlord's representative and Maddy Soffer & Brandon Berger from KSR as the representatives for the tenant, Rivareno Gelato.
On the Map
Retail
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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
48809.23%
Cash-on-Cash
-13949.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93