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5 Bleecker Street

5 Bleecker Street Retail Leased To Plus 82 In NoHo With Tenant's Rep Maddy Soffer & Carolina Aziz - KSR
SOLDRetail

5 Bleecker Street Retail Leased To Plus 82 In NoHo With Tenant's Rep Maddy Soffer & Carolina Aziz - KSR

5 Bleecker Street

Building Size

Asset Type

Retail

Closing

May 1, 2022

AI

The retail space located at 5 Bleecker Street in NoHo has recently been leased. The space, spanning 1,325 square feet, was leased by Plus 82. The landlord, 5 Bleecker Street Owners represented by Hisako Kobayashi, and the tenant were facilitated in the deal by Maddy Soffer and Carolina Aziz of KSR, serving as the tenant's representatives, and Lori Ann Kim and Tom Brady of Douglas Elliman, representing the landlord. The leasing transaction had an asking rent of $192 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not applicable
  • Date: 05/01/2022
  • Address: 5 Bleecker Street
  • Market: NoHo
  • Leasing company: Plus 82
  • Landlord: 5 Bleecker Street Owners - Hisako Kobayashi
  • Tenant's Representative: Maddy Soffer & Carolina Aziz - KSR
  • Landlord's Representative: Lori Ann Kim & Tom Brady - Douglas Elliman
  • Asking Rent: $192/ft.
  • Square Footage: 1,325

This leasing deal demonstrates the collaborative efforts of various individuals and firms, with Maddy Soffer, Carolina Aziz, Lori Ann Kim, and Tom Brady playing crucial roles in facilitating the transaction. Plus 82 was able to secure a prime retail space in NoHo for their business needs, while 5 Bleecker Street Owners found a suitable tenant for their property.

Players

Carolina Aziz

Kassin Sabbagh Realty

Broker

$24.8M

vol

96 deals

Broker

Greenwich Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93