Tony Kissling Leases Retail Space At 195 Spring Street To Rivareno Gelato With KSR As Tenant's Rep
195 Spring Street
$325
$325/SF
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
$325
$325/SF
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