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65 Greene Street, Manhattan...

PatBo Leases Retail Space In SoHo At 65 Greene Street
LEASEDRetail

PatBo Leases Retail Space In SoHo At 65 Greene Street

65 Greene Street, Manhattan, New York, NY, USA

Building Size

5,000 SF

Asset Type

Retail

Closing

Mar 31, 2021

AI

A retail property located at 65 Greene Street in SoHo, Manhattan, was recently leased. The lease agreement was finalized on April 1, 2021. The property spans approximately 5,000 square feet and is situated in the vibrant SoHo market.

Summary of transation details

  • Property Type: Retail
  • Date: April 1, 2021
  • Address: 65 Greene Street
  • Market: SoHo

The tenant for this retail space is PatBo, an undisclosed company. The landlord of the property is Thomas Makkos. The tenant was represented by Matthew DeRose and Dalton Schroeder from omadGroup.io, while the landlord was represented by Christine Emory from Helmsley Spear.

The asking rent for this lease agreement was $180 per square foot. However, the total value of the lease transaction has not been provided in the available information.

Players

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker

Thomas Makkos

Landlord

2 deals

Landlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93