Sozo Bowery Leases Retail Space At 319 Bowery With Landlord Steven Croman For 10 Years
319 Bowery
$160
$160/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Dec 30, 2025
AI
The property asset involved in this transaction is a retail lease located at 319 Bowery in the Noho market. The asking rent for this asset is $160 per square foot, encompassing a total area of 2,000 square feet. The lease term is established for 10 years under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $160/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Steven Croman
- Tenant: Sozo Bowery
- Landlord's Rep: Mark Golberg, Jack Sash Basora & Aryeh Vilinsky - Tahari Realty
- Tenant's Rep: Samuel Mukamal - Meridian Capital Group
This transaction features key individuals such as Steven Croman as the landlord and Sozo Bowery as the tenant, with representation from Mark Golberg, Jack Sash Basora, and Aryeh Vilinsky of Tahari Realty for the landlord, and Samuel Mukamal of Meridian Capital Group for the tenant.
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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93