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55 Great Jones Street, New ...

Venus Over Manhattan Gallery Leases Retail Space At 55 Great Jones St. In NoHo
LEASEDRetail

Venus Over Manhattan Gallery Leases Retail Space At 55 Great Jones St. In NoHo

55 Great Jones Street, New York City, New York 10012, United States

Building Size

4,000 SF

Asset Type

Retail

Closing

Mar 29, 2022

AI

The retail property located at 55 Great Jones St. in NoHo has been leased. The lease transaction took place on March 30, 2022. The property, encompassing 4,000 square feet, was leased by Venus Over Manhattan Gallery.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 03/30/2022
  • Address: 55 Great Jones St.
  • Market: NoHo

The landlord in this lease transaction is Kidd Properties, represented by John Kidd. The tenant, Venus Over Manhattan Gallery, was represented by Brandon Singer, Suzanne Bernstock, and Kim Levandovsky from Retail By MONA. The deal was also facilitated by Jonathan Travis from Redwood Property Group.

The asking rent for the property was $200 per square foot, with a total square footage of 4,000.

Players

Jonathan Travis

Redwood Property Group

Broker

$2.8M

vol

9 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93