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
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