So Gold Studios Leases Retail Space At 448 Humboldt Street In New York City
448 Humboldt Street
$90
$90/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jan 4, 2023
AI
The retail property located at 448 Humboldt Street in New York City has recently been leased. The property, owned by InvestMates, will now be occupied by So Gold Studios. The deal was facilitated by Brendan Thrapp and Nate Mallon from Verada Retail.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $90/ft
- Square Footage: 1,200
- Address: 448 Humboldt Street, New York City
- Market: New York City
Brendan Thrapp and Nate Mallon from Verada Retail represented the tenant, So Gold Studios, in this lease. They successfully negotiated the terms of the deal with the landlord, InvestMates.
Players
New York City 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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93