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32 Jones Street

Cynthia Leases Retail Space At 32 Jones Street In West Village With Landlord Steven Croman
LEASEDRetail

Cynthia Leases Retail Space At 32 Jones Street In West Village With Landlord Steven Croman

32 Jones Street

$240

$240/SF

Building Size

800 SF

Asset Type

Retail

Closing

Oct 1, 2024

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:

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.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker

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