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109 West 17th Street

Genevieve Beyleveld Signs 10-Year Lease For 7,000 Square Foot Retail Space In Flatiron District
LEASEDRetail

Genevieve Beyleveld Signs 10-Year Lease For 7,000 Square Foot Retail Space In Flatiron District

109 West 17th Street

Building Size

7,000 SF

Asset Type

Retail

Closing

Apr 30, 2026

AI

The asset involved in this transaction is a nearly 7,000-square-foot retail space located at 109 West 17th Street in the Flatiron District. This property is part of a townhouse that will host the world’s largest Pilates studio, opening on June 1. The asset is leased for a term of 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 109 West 17th Street
  • Market: Flatiron District
  • Size: 7,000 SF
  • Tenant: Genevieve Beyleveld
  • Lease Term: 10-year lease

Genevieve Beyleveld represents Reforming Pilates in this lease transaction, which marks the brand's expansion from Miami to New York, reflecting its growing footprint in the region.

Players

RP
Reforming PilatesTenant

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