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413 West 13th Street

The Poké Court Signs 10-Year Lease For Retail Space At 413 West 13th Street In Manhattan
LEASEDRetail

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

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:

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.

Players

Christopher Owles

Broker

$9.7M

vol

11 deals

Broker
Sinvin Real Estate
Sinvin Real EstateBrokerage

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93