Valdeyan Corp. Leases Retail Space In Chelsea At 228 West 18th Street
228 West 18th Street
Building Size
—
Asset Type
—
Closing
Aug 9, 2022
About this deal
AI
The retail space located at 228 West 18th Street in Chelsea has been leased. The property is owned by Witnick Real Estate Partners and the tenant is Valdeyan Corp. The asking rent for the space was $186 per square foot and the size of the retail area is approximately 900 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 228 West 18th Street
- Market: Chelsea
Stephen Gabbay from Meridian Retail Leasing represented the tenant, Valdeyan Corp., in this lease deal. Garrett Kelly, also from Meridian Retail Leasing, represented the landlord, Witnick Real Estate Partners.
On the Map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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