YEMA Calif Leases Retail Space In SoHo At 26 Mercer Street With Brokers Carolina Aziz & Ike Bibi - KSR
26 Mercer Street, Manhattan, New York, NY, USA
Building Size
2,000 SF
Asset Type
Retail
Closing
Nov 15, 2021
About this deal
AI
26 Mercer Street, located in SoHo, has recently been leased for retail purposes. The lease transaction took place on November 15, 2021. The property, spanning 2,000 square feet, was leased by YEMA Calif. UAL NY served as the landlord for this transaction. The asking rent for the property was $200 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 26 Mercer Street
- Market: SoHo
The lease deal was facilitated by Carolina Aziz and Ike Bibi, representing KSR. They played a vital role in connecting the tenant, YEMA Calif, with the landlord, UAL NY.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93