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114 West 47th Street

Kosher Sushi Restaurant Leases Retail Space In Midtown Manhattan
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

372 deals

Broker
Durst Organization
Durst OrganizationBrokerage
Douglas Durst

Douglas Durst

Durst Organization

Landlord

$1.9B

vol

13 deals

Landlord

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