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1 West End Avenue

Star A Kidz Leases Retail Space At 1 West End Avenue On Upper West Side
LEASEDRetail

Star A Kidz Leases Retail Space At 1 West End Avenue On Upper West Side

1 West End Avenue

$83

$83/SF

Building Size

1,745 SF

Asset Type

Retail

Closing

Nov 30, 2023

AI

The retail property at 1 West End Avenue in the Upper West Side has been leased for a term of 10 years. The landlord, Elad Group, has entered into an agreement with Star A Kidz to occupy this space. The asking rent for the 1,745 square feet property was $83 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 1 West End Avenue
  • Market: Upper West Side
  • Lease Term: 10 years
  • Tenant: Star A Kidz
  • Landlord: Elad Group
  • Asking Rent: $83/ft
  • Square Footage: 1,745

Marc Sitt from Kassin Sabbagh Realty represented the landlord, Elad Group, in the lease transaction. On the tenant side, Jessilyn Chen and Olivia Biancardi from Arktic Real Estate represented Star A Kidz. The deal was successfully negotiated, providing both parties with a favorable agreement for the retail space.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
Elad Group
Elad GroupLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

191120.48%

Cash-on-Cash

-54622.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93