Jay Suites Leases Retail Space At 159 West 25th Street Chelsea For $30 Per Sq Ft
Chelsea
Building Size
—
Asset Type
—
Closing
Nov 11, 2022
AI
The property asset involved in this transaction is a retail space located at 159 West 25th Street in Chelsea. The asking rent for this space is $30 per square foot, with a total square footage of 60,000. The landlord is the Weinmann Family, while the tenant is Jay Suites, represented by Juda Srour.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30/ft.
- Address: 159 West 25th Street
- Market: Chelsea
- Landlord: Weinmann Family
- Tenant: Jay Suites
- Representative: Juda Srour
This deal highlights the involvement of key individuals such as the landlord, the Weinmann Family, and the tenant's representative, Juda Srour, who played a crucial role in facilitating the transaction for Jay Suites.
Players
London CRE Market Snapshot
Boundary boundary · CRE · 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