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110 West 20th Street

Kaufman Organization Leases Retail Space At 110 West 20th Street, New York City To Kleinfeld Bridal With Brokers Cushman & Wakefield
LEASEDRetail

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

Michael Shalom

Cushman & Wakefield

Broker

7 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

New York City 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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93