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:
- Property Type: Retail
- Transaction Amount: $270/ft
- Square Footage: 7,751
- Address: 121 Wooster Street
- Market: Soho, Manhattan
- Landlord: Schur Management Co.
- Tenant: Antonio Marras
- Landlord's Representative: Michael Glanzberg & Teddy Srour - Sinvin Real Estate
- Tenant's Representative: Michael Paster & Jason Stein - Newmark
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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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