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210 Spring Street

Mocha Coffee Signs Retail Lease At 210 Spring Street In SoHo, Manhattan
LEASEDRetail

Mocha Coffee Signs Retail Lease At 210 Spring Street In SoHo, Manhattan

210 Spring Street

$180

$180/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Feb 1, 2024

AI

The retail property at 210 Spring Street in SoHo, Manhattan has been leased by Mocha Coffee. The landlord, Tashikan Corp, represented by Alexander Karas of Winick Realty Group, agreed to the deal with Mocha Coffee, who was represented by Jeff Geoghegan and Josh Vilinsky of KSR. The lease type is a retail lease and the asking rent was $180 per square foot. The property spans 2,000 square feet and includes a basement with 1,700 square feet.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Date: 02/01/2024
  • Address: 210 Spring Street
  • Market: SoHo, Manhattan
  • Landlord: Tashikan Corp
  • Tenant: Mocha Coffee
  • Landlord's Representative: Alexander Karas - Winick Realty Group
  • Tenant's Representative: Jeff Geoghegan and Josh Vilinsky - KSR
  • Asking Rent: $180/ft
  • Square Footage: 2,000 SF
  • Basement Square Footage: 1,700 SF

Jeff Geoghegan and Josh Vilinsky of KSR represented Mocha Coffee in the lease agreement for the retail property at 210 Spring Street. Alexander Karas of Winick Realty Group acted as the landlord's representative for Tashikan Corp in the transaction. These key individuals played integral roles in facilitating the lease deal.

Players

Jeff Geoghegan

Kassin Sabbagh Realty

Broker

27 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

88127.78%

Cash-on-Cash

-25187.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93