Chubby Cattle BBQ Signs Lease At 206 Spring Street Soho With Landlord Aron Harkham
206 Spring Street
$144
$144/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Nov 20, 2024
AI
The retail asset located at 206 Spring Street in Soho has a lease type categorized as a Modified Gross Lease. The total square footage of the property is 4,000, with an asking rent of $144 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $144/ft
- Lease Type: Modified Gross Lease
- Landlord: Aron Harkham
- Tenant: Chubby Cattle BBQ Spring St NYC
- Landlord's Representative: Ben Biberaj & Elliot Wygoda - Meridian Capital Group
- Tenant's Representative: Jarrett Sharp & Thomas Moglia - Murro Realty
The transaction involved multiple representatives working on behalf of the landlord and tenant. Ben Biberaj and Elliot Wygoda represented the landlord, while the tenant was represented by Jarrett Sharp and Thomas Moglia. Each party played a crucial role in facilitating this lease agreement.
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
110159.72%
Cash-on-Cash
-31483.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93