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32 Grand Street

Antonio Vendome Leases Retail Space To Cengo Consulting At 32 Grand Street, Soho
LEASEDRetail

Antonio Vendome Leases Retail Space To Cengo Consulting At 32 Grand Street, Soho

32 Grand Street

$146

$146/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

May 21, 2025

AI

The property asset involved in this transaction is a retail space located at 32 Grand Street in Soho, Manhattan. The asset consists of a lease structured as a Modified Gross Lease, with an asking rent of $182 per square foot for a total area of 1,450 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $182/ft
  • Square Footage: 1,450 SF
  • Address: 32 Grand Street
  • Market: Soho, Manhattan
  • Landlord: Antonio Vendome
  • Tenant: Cengo Consulting
  • Brokers: John Roesch, Sara Lamstein & Mariko Tanaka - Meridian Capital Group
  • Lease Type: Modified Gross Lease

In this transaction, Antonio Vendome acts as the landlord and Cengo Consulting is the tenant. The deal is represented by the brokerage team of John Roesch, Sara Lamstein, and Mariko Tanaka from Meridian Capital Group, highlighting their involvement in facilitating the lease agreement.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

108650.68%

Cash-on-Cash

-31052.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93