Levy Silberstien Leases Retail Space To Peppercorn Station At 109 West 38th Street
109 West 38th Street
Building Size
4,000 SF
Asset Type
Mixed-use
Closing
Jul 31, 2025
About this deal
AI
This mixed-use asset, located at 109 West 38th Street in Midtown South, Manhattan, has a lease agreement for a retail space. The asking rent for the 4,000 square feet is set at $90 per square foot, under a lease term of 10 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $90/ft
- Square Footage: 4,000
- Address: 109 West 38th Street
- Market: Midtown South, Manhattan
- Lease Term: 10 Years
- Lease Type: Retail Lease
- Landlord: Levy Silberstien
- Tenant: Peppercorn Station
- Broker: Richard Bailey - RJBRE
Richard Bailey of RJBRE represented the ownership in this off-market transaction. RJBRE is actively expanding its team. For inquiries or opportunities, please contact RJBRE at info@rjbre.com.
On the Map
Mixed-use
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New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93