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103 W 14th St, Manhattan, N...

Stonehenge Properties Leases Retail Space To DanAndJohns At 103 W. 14th St. In Chelsea
LEASEDRetail

Stonehenge Properties Leases Retail Space To DanAndJohns At 103 W. 14th St. In Chelsea

103 W 14th St, Manhattan, New York, NY, USA

Building Size

1,500 SF

Asset Type

Retail

Closing

Apr 15, 2021

AI

A retail space located at 103 W. 14th St. in Chelsea has been leased. The property, measuring 1,500 square feet, was rented by the tenant, DanAndJohns. The landlord in this transaction is Stonehenge Properties. The leasing deal was facilitated by Zalman Kamish, Marc Sitt, and Dorel Melloul of Kassin Sabbagh Realty. The asking rent for the space was $100 per square foot.

Summary of transaction details

Zalman Kamish, Marc Sitt, and Dorel Melloul from Kassin Sabbagh Realty played a crucial role in representing the tenant and securing the leasing deal for the retail space at 103 W. 14th St. in Chelsea. Their expertise and negotiation skills contributed to the successful transaction.

Players

Dorel Melloul

Kassin Sabbagh Realty

Broker

$4.8M

vol

32 deals

Broker
SP
Stonehenge PropertiesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93