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1 West 34th Street

Legacy NYC Inc. Leases 8,000 SF Retail Space In Herald Square For $350/ft. - KSR Brokers Represent Ike Bibi, Sophia Gaines & David Green
LEASEDRetail

Legacy NYC Inc. Leases 8,000 SF Retail Space In Herald Square For $350/ft. - KSR Brokers Represent Ike Bibi, Sophia Gaines & David Green

1 West 34th Street

$350

$350/SF

Building Size

8,000 SF

Asset Type

Retail

Closing

Aug 19, 2022

AI

The retail space located at 1 West 34th Street in Herald Square has recently been leased. The property, measuring approximately 8,000 square feet, was leased to Legacy NYC Inc. The landlord of the space is Crown Acquisitions. The deal was facilitated by brokers from KSR, including Ike Bibi, Sophia Gaines, and David Green.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Asking Rent: $350/ft.
  • Square Footage: 8,000
  • Address: 1 West 34th Street
  • Market: Herald Square

Ike Bibi, Sophia Gaines, and David Green from KSR represented Legacy NYC Inc. in the leasing deal.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
Crown Acquisitions
Crown AcquisitionsBrokerage
Crown Acquisitions
Crown AcquisitionsLandlord

New York Retail Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

45322.86%

Cash-on-Cash

-12953.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93