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
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