Paloma Chef PJ Calapa Opens New Restaurant At 25 West 38th Street, Garment District
25 W 38th St, New York, NY 10018, USA
Building Size
2,700 SF
Asset Type
Other
Closing
Sep 4, 2019
About this deal
AI
Located at 25 West 38th Street in the Garment District, Bryant Park, this other type of property has recently been involved in a closed transaction. The asset spans over 2,700 square feet and was listed with an asking price of $176 per square foot.
Summary of transaction details
- Property Type: Other
- Transaction Amount: Not specified
- Address: 25 West 38th Street
- Market: Garment District, Bryant Park
Paloma, led by Chef PJ Calapa, has signed a lease for the property. The landlord, Fortuna Realty Group represented by Morris Moinian, facilitated the deal. The transaction was brokered by Kenny Hochhauser and Yoel Gorjian.
On the Map
Other
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New York Other Market Snapshot
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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