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107 W 25th St, New York, NY...

Renew Leases Retail Condo On West 25th St In NoMad, Manhattan
LEASEDRetail

Renew Leases Retail Condo On West 25th St In NoMad, Manhattan

107 W 25th St, New York, NY 10001, USA

Building Size

2,500 SF

Asset Type

Retail

Closing

May 2, 2019

AI

The property involved in this closed transaction is a retail condo located at 107 West 25th Street in Manhattan's NoMad neighborhood. The property spans 2,500 square feet and was listed with an asking price of $15,750. The price per square foot for this retail condo is $76.

Summary of transaction details:

  • Property Type: Retail Condo
  • Transaction Amount: $15,750
  • Address: 107 West 25th Street
  • Market: Manhattan, NoMad
  • Tenant: Renew
  • Landlord: The Daniel Group
  • Landlord's Representative: Aaron Aziz from Habendum Real Estate
  • Tenant's Representative: Steven Gurton from R New York

Aaron Aziz from Habendum Real Estate represented the landlord, The Daniel Group, in this transaction. On the other hand, Steven Gurton from R New York represented the tenant, Renew. Josh Dilamani also played a role in this deal.

Players

Aaron Aziz

ARA

Broker

47 deals

Broker
DG
Daniel 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93