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
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