Bibliotheque Leases Retail Space At 54 Mercer Street In SoHo, New York City
54 Mercer St New York, NY 10013, USA
$187
$187/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
May 1, 2023
About this deal
AI
The Law Office of Krim & Krim, P.C has leased a retail space located at 54 Mercer Street in SoHo, New York City. The property spans approximately 1,800 square feet and was leased by Bibliotheque, represented by AJ Jacono and Andrew Jacono.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Date: 05/01/2023
- Address: 54 Mercer Street, SoHo, New York City
- Market: SoHo, New York City
- Landlord: The Law Office of Krim & Krim, P.C
- Tenant: Bibliotheque (represented by AJ Jacono & Andrew Jacono)
- Brokers: Caleb Petersen & Aric Trakhtenberg - Newmark
- Asking Rent: $187 per square foot
Caleb Petersen and Aric Trakhtenberg from Newmark served as the brokers in this lease transaction. No additional information regarding the transaction was provided.
On the Map
$187
$187/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
84828.88%
Cash-on-Cash
-24244.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93