Wonder Signs Lease For Retail Space At 128 West 23rd Street With Landlord's Reps Carolina Aziz, Ike Bibi & David Green
128 West 23rd Street
$140
$140/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Feb 6, 2023
About this deal
AI
The retail property located at 128 West 23rd Street in New York City has recently been leased. The tenant, Wonder, will be occupying the space, while the landlord, Steven Politis of Pan Brothers Associates, will be overseeing the lease agreement.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $150 per square foot
- Size: 3,500 square feet
- Tenant: Wonder
- Landlord: Steven Politis - Pan Brothers Associates
- Tenant's Representative: Jon Paul Pirraglia - RIPCO
- Landlord's Representatives: Carolina Aziz, Ike Bibi, and David Green - KSR
Jon Paul Pirraglia of RIPCO represented Wonder as the tenant's representative in this lease transaction, while Carolina Aziz, Ike Bibi, and David Green, all from KSR, acted as the landlord's representatives.
Players
Market 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
113307.14%
Cash-on-Cash
-32383.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93