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140 West 4th Street

Sofias Bagels Leases Retail Space At 140 West 4th Street In West Village
LEASEDRetail

Sofias Bagels Leases Retail Space At 140 West 4th Street In West Village

140 West 4th Street

$81

$81/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Jan 31, 2024

AI

A retail lease transaction has taken place at 140 West 4th Street in the West Village. The property, owned by Ryco Capital, has been leased to Sofias Bagels. The tenant was represented by Jack Hamadani from KSR, while the landlord was represented by Patrick O'Rourke from Cushman & Wakefield. The lease is for a retail space measuring 1,100 square feet, with an asking rent of $81 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 140 West 4th Street
  • Market: West Village
  • Landlord: Ryco Capital
  • Tenant: Sofias Bagels
  • Landlord's Representative: Patrick O'Rourke - Cushman & Wakefield
  • Tenant's Representative: Jack Hamadani - KSR
  • Asking Rent: $81/ft
  • Square Footage: 1,100
  • Lease Type: Retail Lease

This lease transaction signifies the successful negotiation between Ryco Capital and Sofias Bagels. Jack Hamadani from KSR represented the tenant, providing valuable assistance throughout the lease process. Patrick O'Rourke from Cushman & Wakefield represented the landlord, helping facilitate the agreement. The prime location of 140 West 4th Street in the vibrant West Village market made it an attractive choice for Sofias Bagels to establish their retail presence.

Players

Jack Hamadani

Kassin Sabbagh Realty

Broker

46 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

195839.51%

Cash-on-Cash

-55971.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93