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
About this deal
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.
On the Map
Retail
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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