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
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
$90
$90/SF
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