The Poké Court Signs 10-Year Lease For Retail Space At 413 West 13th Street In Manhattan
413 West 13th Street
Building Size
2,000 SF
Asset Type
Retail
Closing
Apr 18, 2025
About this deal
AI
The property asset involved in this transaction is a 2,000 square foot retail space located at 413 West 13th Street in Soho, Manhattan. The lease agreement is for a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 413 West 13th Street
- Market: Soho, Manhattan
- Landlord: Epic
- Tenant: The Poké Court
- Landlord's Representative: Christopher Owles, Sarah Shannon & Teddy Srour - Sinvin Real Estate
- Tenant's Representative: Jason Pruger & Jason Stein - Newmark
- Lease Term: 10 years
This lease transaction was facilitated by the representatives from both sides, with Sinvin Real Estate representing the landlord Epic and Newmark representing the tenant The Poké Court. The Poké Court secured this lease following a successful pop-up operation in the SoHo area.
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Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93