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
About this deal
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
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 74 Grand Street
- Market: SoHo
- Tenant: No Standing NYC
- Landlord: Churchill Real Estate - Justin Ehrlich & Sorabh Maheshwari
- Broker: Greg Goldberg - Meridian Retail Leasing
- Asking Rent: $171/ft.
- Square Footage: 2,635
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.
On the Map
$171
$171/SF
Retail
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Players
New York Retail Market Snapshot
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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