Kosher Sushi Restaurant Leases Retail Space In Midtown Manhattan
114 West 47th Street
$100
$100/SF
Building Size
7,196 SF
Asset Type
Retail
Closing
Nov 14, 2023
AI
The retail property located at 114 West 47th Street in Midtown, Manhattan has been leased. The property is owned by Douglas Durst of The Durst Organization. The tenant for this space is Kosher Suhi Restaurant. The landlord was represented by James Famularo from Meridian Capital Group, while the tenant was represented by Matt Ogle from JLL. The lease was signed on November 14, 2023.
Summary of transation details
- Property Type: Retail
- Address: 114 West 47th Street, Midtown, Manhattan
- Landlord: Douglas Durst - The Durst Organization
- Tenant: Kosher Suhi Restaurant
- Landlord's Rep: James Famularo - Meridian Capital Group
- Tenant's Rep: Matt Ogle - JLL
- Lease Date: November 14, 2023
The lease transaction for this retail property was facilitated by James Famularo from Meridian Capital Group, who represented the landlord, Douglas Durst. On the tenant's side, Matt Ogle from JLL acted as their representative. The asking rent for the space was $100 per square foot, and the total square footage of the property is 7,196 square feet.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93