EssilorLuxottica Leases Retail Space At 62 Prince Street New York With Landlord The Regina Family
62 Prince Street
$750
$750/SF
Building Size
2,300 SF
Asset Type
Retail
Closing
Mar 1, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 62 Prince Street in New York. The leased area encompasses 2,300 square feet with a rental rate of $750 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 62 Prince Street
- Market: New York
- Square Feet: 2,300
- Rent/SF: $750
- Tenant: EssilorLuxottica
- Landlord: The Regina Family
- Tenant's Representative: Joanne Podell, Cushman & Wakefield
- Landlord's Representative: Mark Kapnick, Lee & Associates
- Lease Date: 03/01/2025
The key individuals involved in this transaction include Joanne Podell from Cushman & Wakefield, representing the tenant EssilorLuxottica, and Mark Kapnick from Lee & Associates, representing the landlord The Regina Family. Their roles were pivotal in facilitating this lease agreement.
On the Map
$750
$750/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Joanne Podell to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21150.67%
Cash-on-Cash
-6044.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93