Stonehenge Properties Lease Retail Space To Mikado At 109 West 14th Street In Chelsea, NYC
109 West 14th Street, New York City, New York 10011, United States
Building Size
3,150 SF
Asset Type
Retail
Closing
Mar 31, 2022
AI
An approximately 3,150 square foot retail space located at 109 West 14th Street in Chelsea has been leased to Mikado. The lease was finalized on 04/01/2022. The property is owned by Stonehenge Properties.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Asking Rent: $140 per square foot
- Market: Chelsea
The lease transaction was facilitated by brokers Marc Sitt and Dorel Melloul from KSR, representing both the landlord, Stonehenge Properties, and the tenant, Mikado.
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