Gossip Bar Leases Retail Space At 144 West 46th Street In Times Square
144 West 46th Street, New York, NY 10036, USA
Building Size
3,000 SF
Asset Type
Retail
Closing
Jul 13, 2020
About this deal
AI
An retail property located at 144 West 46th Street in Times Square has been leased. The property spans approximately 3,000 square feet and was leased by tenant Gossip Bar. The transaction was facilitated by Yoni Hadar and James Famularo of Meridian Retail Leasing, who represented the tenant. The landlord, Kassin Sabbagh Realty, was represented by Carolina Aziz, David Green, and Ike Bibi.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not available
- Asking Rent: $150/ft.
- Square Footage: 3,000
Gossip Bar, the tenant, was represented in this lease transaction by Yoni Hadar and James Famularo of Meridian Retail Leasing. On the other hand, Carolina Aziz, David Green, and Ike Bibi of Kassin Sabbagh Realty acted as the landlord's representatives.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93