Musashino Corp Leases Retail Space From GP Properties Management At 105 West 55th Street
105 West 55th Street
$150
$150/SF
Building Size
1,350 SF
Asset Type
Retail
Closing
Apr 16, 2026
About this deal
AI
The property asset involved is a retail space located at 105 West 55th Street in the Midtown market. The asking rent is set at $150 per square foot, encompassing a total area of 1,350 square feet. The lease type agreed upon is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $202,500
- Landlord: GP Properties Management
- Tenant: Musashino Corp
- Brokers: Ben Biberaj - IPRG Retail Leasing
- Brokers: Joseph Sobolov - Investment Property Realty Group (IPRG)
The deal was facilitated by Ben Biberaj and Joseph Sobolov, both representing different brokerage firms in the transaction. Their roles were critical in bringing together the landlord and tenant effectively.
On the Map
$150
$150/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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93