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
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.
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