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74 Grand Street

No Standing NYC Leases Retail Space At 74 Grand Street, SoHo With Greg Goldberg - Meridian Retail Leasing
LEASEDRetail

No Standing NYC Leases Retail Space At 74 Grand Street, SoHo With Greg Goldberg - Meridian Retail Leasing

74 Grand Street

$171

$171/SF

Building Size

2,635 SF

Asset Type

Retail

Closing

Oct 3, 2022

AI

The retail space located at 74 Grand Street in SoHo has been leased in a closed transaction. The property, spanning 2,635 square feet, was leased by No Standing NYC. The leasing deal was facilitated by Greg Goldberg from Meridian Retail Leasing representing No Standing NYC, while Churchill Real Estate represented the landlord, Justin Ehrlich and Sorabh Maheshwari.

Summary of transaction details

Greg Goldberg from Meridian Retail Leasing played a crucial role in representing No Standing NYC as the tenant in the leasing deal. The landlord, Justin Ehrlich and Sorabh Maheshwari, were represented by Churchill Real Estate. With an asking rent of $171 per square foot, the leased retail space provides No Standing NYC with a prime location in the vibrant SoHo market.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

72 deals

Broker
Justin Ehrlich

Justin Ehrlich

Churchill Real Estate

Landlord

$55M

vol

4 deals

Landlord

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

92766.08%

Cash-on-Cash

-26512.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93