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150 West 26th Street

Black Bear Capital Partners ("BBCP") Facilitates Chelsea Retail Transaction at $64/SF
LEASEDRetail

Black Bear Capital Partners ("BBCP") Facilitates Chelsea Retail Transaction at $64/SF

150 West 26th Street

$64

$64/SF

Building Size

3,100 SF

Asset Type

Retail

Closing

Aug 30, 2024

AI

The retail asset at 150 West 26th Street, located in the Chelsea market of Manhattan, was leased to Thrift NYC. The asking rent for this property was $64 per square foot with a total area of 3,100 square feet. The lease type is classified as a NNN lease.

Summary of transaction details:

This transaction highlights the efforts of Jaden Lander and Jeremey Tahari from Tahari Realty, who facilitated the leasing process efficiently, achieving a swift outcome for the landlord and tenant involved.

Players

Jeremey Tahari

Black Bear Capital Partners

Broker

$59.5M

vol

16 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

247859.38%

Cash-on-Cash

-70838.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93