With Jean Leases Retail Space At 43 Wooster Street In Soho With Broker Trystan Polsinelli
43 Wooster Street
$85
$85/SF
Building Size
6,700 SF
Asset Type
Retail
Closing
Mar 14, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 43 Wooster Street in Soho, Manhattan. It is being leased under a Modified Gross Lease agreement with an asking rent of $85 per square foot for a total area of 6,700 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $85/ft
- Address: 43 Wooster Street
- Market: Soho, Manhattan
- Landlord: Michael Brown
- Tenant: With Jean
- Landlord's Representative: Michael Glanzberg & Margie Sarway - Sinvin Real Estate
- Tenant's Representative: Trystan Polsinelli - Compass
- Lease Type: Modified Gross Lease
- Square Footage: 6,700
Trystan Polsinelli, Senior Executive Director of Compass Commercial, facilitated the establishment of With Jean's first US flagship location in SoHo. The landlord was represented by Michael Glanzberg and Margie Sarway of Sinvin Real Estate.
On the Map
$85
$85/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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93