Siya Healing Spa Leases Retail Space From Austen Rabbie At 60 Pearl Street Financial District
60 Pearl Street
$40
$40/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Nov 1, 2024
About this deal
AI
The retail asset located at 60 Pearl Street in the Financial District is leased to Siya Healing Spa. The lease, structured as a Modified Gross Lease, encompasses a total square footage of 1,300 and an asking rent of $40 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40/ft
- Address: 60 Pearl Street
- Market: Financial District
- Landlord: Austen Rabbie
- Tenant: Siya Healing Spa
- Brokers: James Famularo, Bobby Ortense, Marcelo Demoraes, and Alec Namdar - Meridian Capital Group
- Lease Type: Modified Gross Lease
The brokers involved in this transaction include James Famularo, Bobby Ortense, Marcelo Demoraes, and Alec Namdar, representing the interests of both the landlord and tenant throughout the leasing process.
On the Map
$40
$40/SF
Retail
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Players
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93