Kaufman Organization Leases Retail Space At 110 West 20th Street, New York City To Kleinfeld Bridal With Brokers Cushman & Wakefield
110 West 20th Street
$100
$100/SF
Building Size
30,000 SF
Asset Type
Retail
Closing
Dec 31, 2022
AI
The retail property located at 110 West 20th Street in New York City has been leased by Kleinfeld Bridal. The property, measuring 30,000 square feet, was leased from the landlord, Kaufman Organization. The lease term for the property is 15 years, with an asking rent of $100 per square foot. The deal was facilitated by brokers Joanne Podell and Michael Shalom from Cushman & Wakefield.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 110 West 20th Street
- Market: New York City
- Tenant: Kleinfeld Bridal
- Landlord: Kaufman Organization
- Brokers: Joanne Podell & Michael Shalom - Cushman & Wakefield
- Asking Rent: $100 per square foot
- Lease Term: 15 years
Joanne Podell and Michael Shalom, representing Cushman & Wakefield, played a crucial role in facilitating the lease deal for Kleinfeld Bridal at 110 West 20th Street in New York City.
Players
New York City Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93