Sanmiwago Signs 10-Year Retail Lease At 62 William Street In New York City
62 William St New York, NY 10005, USA
$85
$85/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Jul 9, 2023
About this deal
AI
The retail property located at 62 William Street in New York City was recently leased to Sanmiwago. The property, comprised of approximately 3,500 square feet, was leased for a term of 10 years. The asking rent for the space was $85 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Tenant: Sanmiwago
- Brokers: Garrett Kelly & John Roesch - Meridian Capital Group
- Asking Rent: $85 per square foot
- Lease Term: 10 years
- Address: 62 William Street, New York City
The lease was facilitated by Garrett Kelly and John Roesch, representing Meridian Capital Group. Their expertise in brokering retail deals in New York City played a crucial role in securing the lease for Sanmiwago at 62 William Street.
On the Map
$85
$85/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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93