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Powerhouse Gym Leases Mixed-Use Space At 158 West 27th Street In Manhattan

Property Image
LEASED
$125
Eliot Goldschmidt
Jeff Jacobson
+ 1

New York

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Mixed-use18,887 SF
Leased 02/25/2025
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Property Image
LEASED

Powerhouse Gym Leases Mixed-Use Space At 158 West 27th Street In Manhattan

158 West 27th Street

See Similar Deals
Mixed-use18,887 SF
Leased 02/25/2025
Eliot Goldschmidt
Jeff Jacobson
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$125
Total Square Footage:18,887 SF
Transaction Type:Lease

The asset involved in this transaction is a mixed-use property located at 158 West 27th Street in Manhattan. The lease was executed with an asking rent of $125 per square foot for the ground floor, $60 per square foot for the second floor, and $50 per square foot for the lower level, encompassing a total area of 18,887 square feet.

Summary of transaction details:

David Abrams, Jeff Jacobson, and Eliot Goldschmidt represented the landlord, AFIAA, during the lease transaction. Conrad Bradford served as the representative for the tenant, Powerhouse Gym, highlighting the involvement of key individuals and agencies in the deal.

Players

Eliot Goldschmidt
10 deals$17.3M volume
BROKER

David Abrams
Masonre
18 deals$17.3M volume(212) 222-1496
BROKER


Details

LEASED
IMAGE: Eliot Goldschmidt, David Abrams & Jeff Jacobson DATE: 02/25/2025 ADDRESS: 158 West 27th Street MARKET: Manhattan ASSET TYPE: Mixed-use LANDLORD: AFIAA TENANT: Powerhouse Gym (@PowerhouseGym) LANDLORD'S REP: David Abrams (@ValueofRetail), Jeff Jacobson (@JeffJacobsonNYC) & Eliot Goldschmidt (@EliotGold) - Masonre (@Masonre) TENANT'S REP: Conrad Bradford (@Conrad.Bradford) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $125/ft ~ SF: 18,887 LEASE TYPE: Retail Lease NOTE FROM BROKER: Asking Rent in Ground Floor - $125/ft., Second Floor - $60/ft., and Lower Level - $50/ft.

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Deal Type
Effective Rent (Annual)

$2,706,478.61

Total Lease Value

$27,064,786.07

Net Landlord Cash Flow$2,706,478.61