Kimhung Tsoi Leases Retail Space At 165 Elizabeth Street To Asaali Represented By Bridge Advisory Group
165 Elizabeth Street
Building Size
1,522 SF
Asset Type
Retail
Closing
Apr 17, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 165 Elizabeth Street in Nolita, Manhattan. The lease is a modified gross lease with an asking rent of $91 per square foot for a total area of 1,522 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $138,642
- Landlord: Kimhung Tsoi
- Tenant: Asaali
- Landlord's Representative: Yossi Capland - Compass
- Tenant's Representatives: Alex Putzer & Noah Kaplan - Bridge Advisory Group
- Lease Type: Modified Gross Lease
Bridge Advisory Group facilitated this lease signing in record time on behalf of the tenant, a fashion brand, showcasing their active collaboration with landlords across New York to secure favorable leasing solutions and rates.
On the Map
Retail
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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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93