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121 Wooster Street

Antonio Marras Leases Retail Space At 121 Wooster Street In Soho From Schur Management Co
LEASEDRetail

Antonio Marras Leases Retail Space At 121 Wooster Street In Soho From Schur Management Co

121 Wooster Street

$270

$270/SF

Building Size

7,751 SF

Asset Type

Retail

Closing

Apr 2, 2025

AI

The retail lease involves a prestigious location at 121 Wooster Street in SoHo, Manhattan. The total square footage for the lease is 7,751 square feet, with an asking rent of $270 per square foot. The property is being leased by luxury fashion brand Antonio Marras, which is part of the Oniverse Group and will be opening its first flagship location in the United States.

Summary of transaction details:

The deal features notable representatives from both sides, with Michael Glanzberg and Teddy Srour representing Schur Management Co. from Sinvin Real Estate, while Michael Paster and Jason Stein are representing tenant Antonio Marras from Newmark. This represents a significant expansion for the fashion brand, given its existing presence in Italy.

Players

Michael Paster

Newmark

Broker

17 deals

Broker
Sinvin Real Estate
Sinvin Real EstateBrokerage

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

58751.85%

Cash-on-Cash

-16791.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93