Daniel Group Leases Retail Space At 109 West 25th Street To First Rounds On Me
109 West 25th Street
$126
$126/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Mar 8, 2025
AI
The property involved in this lease transaction is a retail space located at 109 West 25th Street in Manhattan. The asset encompasses a total square footage of 2,500 and is leased at an asking rent of $126 per foot. The lease agreement is established under a Single Net Lease for a term of 5 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $126/ft
- Square Footage: 2,500
- Lease Term: 5 Years
- Lease Type: Single Net Lease
- Landlord: Daniel Group
- Tenant: First Rounds on Me
- Brokers: Elie Cohen, Yaron Cohen & Daniel Cohen - Leviathan Capital
- Date: 3/9/2025
Elie Cohen, Yaron Cohen, and Daniel Cohen represent the landlord and tenant in this transaction through Leviathan Capital. Notably, the tenant, known as First Rounds on Me, is the first dating app to occupy a physical space, establishing a partnership with The Den NYC.
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
125896.83%
Cash-on-Cash
-35981.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93