Paris Collectibles Leases Retail Space From The Jackson Group At 9 Times Square For $85/ft
9 Times Square
$85
$85/SF
Building Size
9,000 SF
Asset Type
Office
Closing
Jun 30, 2025
AI
The retail asset located at 9 Times Square - 200 E 41st St in the Times Square market was leased. The total square footage of the property is 9,000, with an asking rent of $85 per square foot. The lease is a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $765,000
- Landlord: The Jackson Group
- Tenant: Paris Collectibles
- Brokers: Solomon Sharaby & Ezra Falack - KSR
- Lease Date: 7/1/2025
Solomon Sharaby and Ezra Falack represented the landlord, The Jackson Group, in this transaction, facilitating the lease agreement with Paris Collectibles as the tenant.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93