PatBo Leases Retail Space In SoHo At 65 Greene Street
65 Greene Street, Manhattan, New York, NY, USA
Building Size
5,000 SF
Asset Type
Retail
Closing
Mar 31, 2021
AI
A retail property located at 65 Greene Street in SoHo, Manhattan, was recently leased. The lease agreement was finalized on April 1, 2021. The property spans approximately 5,000 square feet and is situated in the vibrant SoHo market.
Summary of transation details
- Property Type: Retail
- Date: April 1, 2021
- Address: 65 Greene Street
- Market: SoHo
The tenant for this retail space is PatBo, an undisclosed company. The landlord of the property is Thomas Makkos. The tenant was represented by Matthew DeRose and Dalton Schroeder from omadGroup.io, while the landlord was represented by Christine Emory from Helmsley Spear.
The asking rent for this lease agreement was $180 per square foot. However, the total value of the lease transaction has not been provided in the available information.
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