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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $64/ft
- Lease Type: NNN Lease
- Landlord: Efraim Blumenberg
- Tenant: Thrift NYC
- Brokers: Jaden Lander & Jeremey Tahari - Tahari Realty
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
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