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140 West 23rd Street

Caiola Real Estate Leases Retail Space To AARMY At 140 West 23rd Street In Manhattan
LEASEDRetail

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

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:

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.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93