Gvo Hospitality Corp. Leases Retail Space At 261 Hudson Street In SoHo
261 Hudson Street
$110
$110/SF
Building Size
2,517 SF
Asset Type
Retail
Closing
Dec 16, 2022
About this deal
AI
The retail property located at 261 Hudson Street in SoHo has been leased by Gvo Hospitality Corp. The landlord, Related, was represented by Patrick O'Rourke and Sean Moran from Cushman & Wakefield, while the tenant, Gvo Hospitality Corp., was represented by Jordan Raphan from KSR. The asking rent for this 2,517 square feet space was $110 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 261 Hudson Street
- Market: SoHo
The lease deal was facilitated by Patrick O'Rourke and Sean Moran from Cushman & Wakefield, representing the landlord, Related. On the other hand, Jordan Raphan from KSR represented the tenant, Gvo Hospitality Corp. This transaction showcases the successful negotiation between the parties involved in securing a lease for the retail space.
Players
SoHo 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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93