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
About this deal
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.
On the Map
$83
$83/SF
Retail
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Players
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