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
About this deal
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
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