Caiola Real Estate Leases Retail Space To AARMY At 140 West 23rd Street In Manhattan
140 West 23rd Street
$150
$150/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Feb 1, 2025
About this deal
AI
The retail asset located at 140 West 23rd Street in the Manhattan market encompasses 8,000 square feet. The asking rent for this modified gross lease is set at $150 per square foot, with a long-term lease term agreed upon by the parties involved.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Lease Term: Long Term
- Lease Type: Modified Gross Lease
- Landlord: Caiola Real Estate
- Tenant: AARMY
- Broker Representatives: Brandon Singer, Manu Wendum & Marisa Simkin - Retail By Mona
The transaction highlights the collaboration of broker representatives, Brandon Singer, Manu Wendum, and Marisa Simkin, who successfully facilitated this lease agreement on behalf of Caiola Real Estate and AARMY.
On the Map
$150
$150/SF
Retail
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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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93