Fountain Realty Group Leases 1400 SF At 39 Spring St New York With David Gomez As Landlord's Rep
39 Spring St, New York, NY, 10012
$405
$405/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 39 Spring St, New York, NY, 10012. The market value aligns with the New York real estate market. The lease rate is set at $405 per square foot for a total area of 1,400 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 39 Spring St, New York, NY, 10012
- Market: New York
- Landlord: Fountain Realty Group
- Landlord's Representative: David Gomez - Peak Real Estate, David Gomez Pearlberg - Compass
- Rent/SF: $405
- Square Feet: 1,400
In this transaction, the landlords are represented by David Gomez from Peak Real Estate and David Gomez Pearlberg from Compass, indicating a collaborative effort in the leasing deal. The transaction reflects the coordination between the property management and real estate agencies 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
39167.90%
Cash-on-Cash
-11194.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93