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135 West 36th Street

Dainobu USA Leases Retail At 135 West 36th Street In Midtown South
LEASEDRetail

Dainobu USA Leases Retail At 135 West 36th Street In Midtown South

135 West 36th Street

$100

$100/SF

Building Size

5,600 SF

Asset Type

Retail

Closing

Jul 2, 2024

AI

The retail space at 135 West 36th Street, located in Midtown South, has been leased to Dainobu USA. The property features a total square footage of 5,600 square feet with an asking rent of $100 per square foot under a Modified Gross Lease agreement.

Summary of transaction details:

The leasing transaction was facilitated by Avery Reavill, Alex Fleischman, Christopher Okada, and Hiro Iwata of Okada & Company. Okada & Co. expressed delight in announcing the successful leasing of the retail space to Dainobu USA.

Players

Christopher Okada

Okada & Company

Broker

$352.8M

vol

85 deals

Broker

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