Mari NYC Signs Lease For Retail Space At 135 West 41st Street In Midtown West
135 West 41st Street
$224
$224/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Apr 27, 2023
AI
The retail space located at 135 West 41st Street in Midtown West has been leased. The property, measuring 1,100 square feet, was leased to Mari NYC. The landlord, Elliot Rishty, was represented by Jp Sutro of Lee & Associates, while Ori Melloul and David Green of KSR represented the tenant. The lease was signed for an asking rent of $224 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 135 West 41st Street
- Market: Midtown West
- Square Footage: 1,100
- Landlord: Elliot Rishty
- Tenant: Mari NYC
- Landlord's Representative: Jp Sutro - Lee & Associates
- Tenant's Representatives: Ori Melloul & David Green - KSR
- Asking Rent: $224/ft
Ori Melloul and David Green of KSR played a key role as tenant representatives in facilitating the lease transaction for Mari NYC at 135 West 41st Street in Midtown West.
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
70816.96%
Cash-on-Cash
-20239.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93