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248 Mott Street, New York C...

Meridian Retail Leasing Brokers Lease Retail Space At 248 Mott St. In Nolita For Platform32 Soho LLC
LEASEDRetail

Meridian Retail Leasing Brokers Lease Retail Space At 248 Mott St. In Nolita For Platform32 Soho LLC

248 Mott Street, New York City, New York 10012, United States

$200

$200/SF

Building Size

450 SF

Asset Type

Retail

Closing

May 1, 2022

AI

Platform32 Soho LLC, a retail tenant, has recently leased a space located at 248 Mott St. in Nolita. The transaction was facilitated by Ben Biberaj and Elliot Wygoda of Meridian Retail Leasing, who represented the tenant in the deal. The landlord of the property is Steven Croman. The retail space, measuring approximately 450 square feet, was leased at an asking rent of $200 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Date: 05/02/2022
  • Address: 248 Mott St.
  • Market: Nolita
  • Landlord: Steven Croman
  • Tenant: Platform32 Soho LLC
  • Brokers: Ben Biberaj & Elliot Wygoda - Meridian Retail Leasing
  • Asking Rent: $200/ft.
  • Approximate Square Footage: 450

The lease transaction at 248 Mott St. in Nolita involved Platform32 Soho LLC as the tenant. Ben Biberaj and Elliot Wygoda from Meridian Retail Leasing represented the tenant in the deal, while Steven Croman acted as the landlord. The retail space, measuring approximately 450 square feet, was leased at an asking rent of $200 per square foot.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Steve Croman

Steve Croman

Centennial Properties

Landlord

$50.1M

vol

40 deals

Landlord

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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93