Allouche Gallery Leases Retail Space At 77 Mercer Street In SoHo
77 Mercer Street, New York City, New York 10012, United States
Building Size
2,500 SF
Asset Type
Retail
Closing
Feb 21, 2022
AI
The retail space at 77 Mercer Street in SoHo has been leased to Allouche Gallery. The property, consisting of 2,500 square feet, was leased by Robert Burke to Allouche Gallery. The deal was facilitated by Solomon Michailow and Tess Jacoby of JLL. The asking rent for the space was $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Date: 02/22/2022
- Address: 77 Mercer Street
- Market: SoHo
The lease agreement for the retail space at 77 Mercer Street in SoHo was brokered by Solomon Michailow and Tess Jacoby of JLL, who represented Allouche Gallery in the deal. Robert Burke served as the landlord in this transaction.
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