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
About this deal
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.
Traded’s record for 109 West 14th Street, New York City, New York 10011, United States in New York, New York covers a retail lease from 2022. Published size for 109 West 14th Street, New York City, New York 10011, United States is 3,150 square feet. Marc Sitt, Dorel Melloul, Kassin Sabbagh Realty appear on the lease alongside Kassin Sabbagh Realty. This page is the New York, New York file for the 109 West 14th Street, New York City, New York 10011, United States retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 109 West 14th Street, New York City, New York 10011, United States around 2022. Cite this Stonehenge Properties Lease Retail Space To Mikado At 109 West 14th Street In Chelsea, NYC lease when underwriting similar retail product around New York, New York.
Players
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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