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
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