Cynthia Leases Retail Space At 32 Jones Street In West Village With Landlord Steven Croman
32 Jones Street
Building Size
800 SF
Asset Type
Retail
Closing
Oct 1, 2024
About this deal
AI
The retail asset located at 32 Jones Street in the West Village boasts a lease agreement with an asking rent of $240 per square foot for 800 square feet of space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $240/ft
- Square Footage: 800
- Landlord: Steven Croman - Centennial Properties
- Tenant: Cynthia
- Landlord's Representative: Ben Biberaj - Meridian Capital Group
- Tenant's Representative: Kayla Terzi - Booth Street
- Lease Type: Retail Lease
The transaction was facilitated by Ben Biberaj from Meridian Capital Group, representing the landlord, while Kayla Terzi from Booth Street represented the tenant, ensuring a smooth negotiation process for both parties involved.
On the Map
Retail
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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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93