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206 Spring Street

Chubby Cattle BBQ Signs Lease At 206 Spring Street Soho With Landlord Aron Harkham
LEASEDRetail

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:

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 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

110159.72%

Cash-on-Cash

-31483.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93