Therapie Clinic Leases Retail Space At 12 West 19th Street In New York City
12 West 19th Street
$120
$120/SF
Building Size
2,100 SF
Asset Type
Retail
Closing
Nov 15, 2022
AI
The retail property located at 12 West 19th Street in New York City has been leased. The transaction took place on November 15, 2022. The property is owned by the Strauss Family and the tenant is Therapie Clinic.
Summary of transaction details
- Property Type: Retail
- Transaction Date: November 15, 2022
- Address: 12 West 19th Street
- Market: New York City
- Landlord: Strauss Family
- Tenant: Therapie Clinic
The landlord's representative in this deal is Meyer Dagmy from MOD Commercial Realty. The tenant is represented by Robin Abrams and Rebecca Olshan from Compass.
The asking rent for the property was $120 per square foot, and the total square footage is 2,100 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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93