Platinum Properties Brokers Secure 10-Year Lease For Retail Space At 25 Prince Street In New York City
25 Prince St New York, NY 10012, USA
$325
$325/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
Located at 25 Prince Street in New York City, a 1,300 square foot retail space is available for lease. The property is being offered by landlord, Elliot Sohayegh, with Steven Evans and Joseph Zalta of Platinum Properties representing the deal. The asking rent for the space is $325 per square foot, and the lease term is set for 10 years.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 25 Prince Street
- Market: New York City
Steven Evans and Joseph Zalta from Platinum Properties are the brokers involved in this lease transaction. They are working on behalf of the landlord, Elliot Sohayegh, to secure a tenant for the retail space. With their expertise in the New York City market, they are well-positioned to negotiate favorable lease terms for the landlord.
On the Map
$325
$325/SF
Retail
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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
48809.23%
Cash-on-Cash
-13949.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93