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111 West 28th Street

Updated Dec 4, 2024

West 28th Street Real Estate Leases Retail Space At 111 West 28th Street To Sixth Ave Gift Shop
LEASEDRetail

West 28th Street Real Estate Leases Retail Space At 111 West 28th Street To Sixth Ave Gift Shop

111 West 28th Street

$86

$86/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Jun 1, 2023

About this deal

AI

The property asset involved in this lease transaction is located at 111 West 28th Street in the Chelsea market. It is classified as a retail space, with a square footage of 2,500. The asking rent for this property is set at $86 per square foot.

Summary of transaction details:

Titan Group New York acted as the representative for both the landlord and the tenant in this transaction. The brokers involved are Tyler Zar, Adam Lavian, and Tanner Zar. Titan Group New York specializes in both commercial and residential leasing. They encourage owners needing assistance with leasing vacant units to reach out for guidance.

Players

Adam Lavian

Titan Group New York

Broker

59 deals

Broker

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $86 per square foot on a published $86 for 2,500 square feet (2023).

Visit Tyler Zar to view all their deals.

Browse New York retail leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

184453.49%

Cash-on-Cash

-52717.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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