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109 West 38th Street

Levy Silberstien Leases Retail Space To Peppercorn Station At 109 West 38th Street
LEASEDMixed-use

Levy Silberstien Leases Retail Space To Peppercorn Station At 109 West 38th Street

109 West 38th Street

$90

$90/SF

Building Size

4,000 SF

Asset Type

Mixed-use

Closing

Jul 31, 2025

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.

Players

Richard Bailey

RJBRE

Broker

14 deals

Broker
RJBRE
RJBREBrokerage

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