facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Lease

/

138 W 46th St, New York, NY...

Samuel Chera & Solomon Sharaby Acquires Mixed-Use Property In Times Square With Tenant Silky Kitchen NYC
LEASEDMixed-use

Samuel Chera & Solomon Sharaby Acquires Mixed-Use Property In Times Square With Tenant Silky Kitchen NYC

138 W 46th St, New York, NY 10036, USA

Building Size

15,000 SF

Asset Type

Mixed-use

Closing

Jan 13, 2020

AI

138 West 46th Street, located in Times Square, has been involved in a closed transaction. The mixed-use property had an asking rent of $200 with a total square footage of 1,500. The property was leased by Silky Kitchen NYC, a tenant, while the landlord was Penn Plaza Consultants Group, represented by Jonah Kriger. The deal was facilitated by brokers Samuel Chera and Solomon Sharaby from Kassin Sabbagh Realty.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: N/A
  • Address: 138 West 46th Street
  • Market: Times Square
  • Tenant: Silky Kitchen NYC
  • Landlord: Penn Plaza Consultants Group - Jonah Kriger
  • Brokers: Samuel Chera, Solomon Sharaby - Kassin Sabbagh Realty
  • Asking Rent: $200
  • Square Footage: 1,500

The deal's key individuals and companies involved in this closed transaction signify their roles and commitments. Silky Kitchen NYC assumed the position of the tenant, while Penn Plaza Consultants Group, with representation from Jonah Kriger, acted as the landlord. The transaction was successfully facilitated by Samuel Chera and Solomon Sharaby, who served as brokers representing Kassin Sabbagh Realty.

Players

Samuel Chera

Kassin Sabbagh Realty

Broker

29 deals

Broker
Jonah Kriger

Jonah Kriger

Penn Plaza Consultants Group

Landlord

$39.2M

vol

5 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

Loading comparables…

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