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195 Spring Street

Tony Kissling Leases Retail Space At 195 Spring Street To Rivareno Gelato With KSR As Tenant's Rep
LEASEDRetail

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

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.

Players

Madeleine Soffer

Kassin Sabbagh Realty

Broker

33 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

48809.23%

Cash-on-Cash

-13949.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93