IV Nutrition Signs 10-Year Modified Gross Lease At 3 Great Jones Street With Premier Equities
3 Great Jones Street
$300
$300/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Sep 2, 2026
About this deal
AI
3 Great Jones Street is a retail asset located in the NoHo market. The property has an asking rent of $300 per square foot and encompasses a total of 1,500 square feet. The lease term agreed upon is for 10 years, structured as a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $300/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Premier Equities
- Tenant: IV Nutrition
- Landlord's Rep: David Jacobi - Premier Equities
- Tenant's Rep: Owen Toland - Serhant
- Square Footage: 1,500
David Jacobi represents Premier Equities as the landlord in this transaction, while Owen Toland represents IV Nutrition as the tenant. The tenant’s representative has indicated that IV Nutrition is actively seeking additional sites in Manhattan, and interested parties can reach out to ot@serhant.com for the specific criteria.
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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93