Plant Shed Leases Retail Space In West Village's 31 Jane Street Co-Op Board Building
31 Jane Street, New York City, New York 10014, United States
Building Size
2,500 SF
Asset Type
Retail
Closing
Jan 10, 2022
About this deal
AI
Plant Shed 🪴 has signed a lease for a retail space at 31 Jane Street in the West Village. The property spans 2,500 square feet and the asking rent was $250 per square foot. The lease was finalized on January 10, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 31 Jane Street
- Market: West Village
The landlord of 31 Jane Street is the Co-Op Board, represented by Andy Seyforth. Plant Shed 🪴 was represented by Greg Parassio from Booth Capital. Brandon Singer and Max Kreinces from Retail By Mona served as the landlord's representatives in the deal.
Players
New York Retail Market Snapshot
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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