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537 West 27th Street

Central Rock Gym Leases Retail Space In West Chelsea At 537 West 27th Street
LEASEDRetail

Central Rock Gym Leases Retail Space In West Chelsea At 537 West 27th Street

537 West 27th Street

$70

$70/SF

Building Size

12,895 SF

Asset Type

Retail

Closing

Sep 9, 2022

AI

A retail property located at 537 West 27th Street in West Chelsea has been leased. The property, spanning 12,895 square feet, was leased by Central Rock Gym. The lease transaction was facilitated by Jansen Hafen and Jay Gilbert from RPLRE, who represented the tenant. The landlord, Tavros Capital, was represented by Matthew Fogel, David Green, and Ike Bibi from Kassin Sabbagh Realty. The asking rent for the property was $70 per square foot.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 537 West 27th Street
  • Market: West Chelsea
  • Tenant: Central Rock Gym
  • Tenant's Rep: Jansen Hafen & Jay Gilbert - RPLRE
  • Landlord: Tavros Capital
  • Landlord's Rep: Matthew Fogel, David Green & Ike Bibi - Kassin Sabbagh Realty
  • Asking Rent: $70 per square foot
  • Square Footage: 12,895

The deal was completed on September 9, 2022. The leasing transaction represents an agreement between Central Rock Gym and Tavros Capital for the retail space located at 537 West 27th Street. This lease allows Central Rock Gym to establish a presence in the West Chelsea market, further expanding their business.

Players

Nicholas Silvers

Tavros Capital

Landlord

3 deals

Landlord
CG
Central Rock GymTenant

Baltimore 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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93