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357 West 37th Street

Kamal Hardware Leases Retail Space At 357 West 37th Street With Landlord KANO REI
LEASEDMixed-use

Kamal Hardware Leases Retail Space At 357 West 37th Street With Landlord KANO REI

357 West 37th Street

$72

$72/SF

Building Size

1,000 SF

Asset Type

Mixed-use

Closing

May 25, 2026

AI

The property asset involved in this transaction is located at 357 West 37th Street, situated in the Hudson Yards market of Manhattan. This retail space has an asking rent of $72 per square foot and encompasses a total area of 1,000 square feet. The lease agreement is a Modified Gross Lease with a duration of 5 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $72/ft
  • Lease Term: 5 years
  • Lease Type: Modified Gross Lease
  • Landlord: KANO REI - Noam Shemel
  • Tenant: Kamal Hardware
  • Broker Representatives: Desi Avidane - Investment Property Realty Group; Ben Biberaj & Russell Kolen - IPRG Retail Leasing; Ravi Idnani - Newmark

Notable individuals involved in this lease transaction include Noam Shemel representing the landlord KANO REI, and Kamal Hardware as the tenant. The brokerage team facilitating this deal comprises Desi Avidane from Investment Property Realty Group, along with Ben Biberaj and Russell Kolen from IPRG Retail Leasing, and Ravi Idnani from Newmark.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

194 deals

Broker
Newmark
NewmarkBrokerage
Noam Shemel

Noam Shemel

Landlord

2 deals

Landlord

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

220319.44%

Cash-on-Cash

-62967.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93