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54 Mercer St New York, NY 1...

Bibliotheque Leases Retail Space At 54 Mercer Street In SoHo, New York City
LEASEDRetail

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

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.

Players

Aric Trakhtenberg

Newmark

Broker

$8.3M

vol

50 deals

Broker

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

84828.88%

Cash-on-Cash

-24244.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93