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518 West 19th Street

Artemest USA Leases Retail Space In West Chelsea At 518 West 19th St
LEASEDRetail

Artemest USA Leases Retail Space In West Chelsea At 518 West 19th St

518 West 19th Street

$110

$110/SF

Building Size

4,260 SF

Asset Type

Retail

Closing

Jun 30, 2022

AI

The retail property located at 518 West 19th St. in West Chelsea has recently been leased. The transaction was closed on June 30, 2022. The property spans 4,260 square feet and was leased to Artemest USA. The landlord of the property is Ken Jacobson.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 518 West 19th St.
  • Market: West Chelsea

Artemest USA has chosen to lease this retail space from Ken Jacobson. The lease was brokered by Dominic Coluccio of the Corcoran Group, representing the tenant. The landlord, Ken Jacobson, was represented by Jonathan Schindler, Neil Seth, Kenji Ota, and Kathryn Cruz of Cushman & Wakefield.

The asking rent for the leased property was $110 per square foot.

Players

Dominic Coluccio

Broker

$3.3M

vol

5 deals

Broker

Erie 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

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93