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165 Elizabeth Street

Kimhung Tsoi Leases Retail Space At 165 Elizabeth Street To Asaali Represented By Bridge Advisory Group
LEASEDRetail

Kimhung Tsoi Leases Retail Space At 165 Elizabeth Street To Asaali Represented By Bridge Advisory Group

165 Elizabeth Street

$90

$90/SF

Building Size

1,522 SF

Asset Type

Retail

Closing

Apr 17, 2025

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:

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.

Players

Yossi Capland

Compass

Broker

5 deals

Broker

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