J3K Real Estate Facilitates Retail Lease For Spoke & Weal At 4 Bond Street In Noho
4 Bond Street
Building Size
2,300 SF
Asset Type
Retail
Closing
Jan 1, 2025
About this deal
AI
The retail asset at 4 Bond Street, located in the Noho market, features a modified gross lease with an asking rent of $200 per square foot. The total square footage of the property is 2,300, offering a desirable space for retail operations.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $460,000
- Address: 4 Bond Street
- Market: Noho
- Landlord: Chris Renzi
- Tenant: Spoke & Weal
- Brokers: Jon Kamali & Jeremy Kamali - J3K Real Estate
- Lease Type: Modified Gross Lease
Jon Kamali and Jeremy Kamali from J3K Real Estate represented the landlord in this transaction, successfully facilitating the lease after nearly a decade of retail vacancy. The tenant, Spoke & Weal, is a multinational hair salon. J3K Real Estate has notable involvement in the Noho retail landscape, having completed several leases with other brands.
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93