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Kyma Leases 10,000 SF Retail Space At 23 Grand Street SoHo With Thor Management

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LEASED
$90
Jacob Mayer
Justin Bustamante
+ 1

New York

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Retail10,000 SF
Leased 07/31/2025
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Property Image
LEASED

Kyma Leases 10,000 SF Retail Space At 23 Grand Street SoHo With Thor Management

23 Grand Street

See Similar Deals
Retail10,000 SF
Leased 07/31/2025
Jacob Mayer
Justin Bustamante
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$90
Total Square Footage:10,000 SF
Transaction Type:Lease

A retail space at 23 Grand Street in SoHo, Manhattan, totaling 10,000 square feet with an asking rent of $90 per square foot under a Modified Gross Lease. Listing date: 7/31/2025.

Summary of transation details:

The deal involved Joseph Sitt of Thor Management Company as the landlord, with James Famularo and Jacob Mayer of Meridian Capital Group representing the landlord, and Kyma as the tenant represented by Justin Bustamante of Meridian Capital Group. The transaction underscores Meridian Capital Group's role in coordinating both sides of the lease.

Players

James Famularo
360 deals$11.4M volume(212) 468-5960
BROKER



Meridian Capital Group
BROKERAGE

Joseph Sitt
37 deals$1.1B volume
LANDLORD

Details

LEASED
IMAGE: Jacob Mayer, James Famularo & Justin Bustamante DATE: 7/31/2025 ADDRESS: 23 Grand Street MARKET: SoHo, Manhattan ASSET TYPE: Retail LANDLORD: Joseph Sitt - Thor Management Company TENANT: Kyma LANDLORD'S REP: James Famularo (@MrFamularo) & Jacob Mayer - Meridian Capital Group (@Meridian_Retail_Leasing) TENANT'S REP: Justin Bustamante - Meridian Capital Group ASKING RENT: $90/ft ~ SF: 10,000 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$1,031,749.14

Total Lease Value

$10,317,491.38

Net Landlord Cash Flow$1,031,749.14