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
About this deal
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
- Property Type: Retail
- Tenant: DanAndJohns
- Landlord: Stonehenge Properties
- Brokers: Zalman Kamish, Marc Sitt, and Dorel Melloul - Kassin Sabbagh Realty
- Asking Rent: $100/ft.
- Square Footage: 1,500
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.
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Retail
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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