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
About this deal
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.
On the Map
$110
$110/SF
Retail
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Players
Erie Retail Market Snapshot
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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