Made Signs Lease For Retail Space At 22 Spring Street In New York City
22 Spring Street
$218
$218/SF
Building Size
800 SF
Asset Type
Retail
Closing
Nov 2, 2021
About this deal
AI
A retail space located at 22 Spring Street in New York City has been leased. The property is owned by SMA Equities and the tenant is Made. The deal was facilitated by James Famularo from Meridian Capital Group.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $218/ft
- Square Footage: 800
- Address: 22 Spring Street
- Market: New York City
In this lease transaction, James Famularo from Meridian Capital Group represented the tenant, Made, in securing the retail space at 22 Spring Street in New York City. The space, owned by SMA Equities, has an asking rent of $218 per square foot for a total of 800 square feet.
Players
Market 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
72766.06%
Cash-on-Cash
-20796.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93