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150 West 30th Street, Manha...

Aerial Arts NYC Leases Retail Space At 150 W 30th Street In Chelsea
LEASEDRetail

Aerial Arts NYC Leases Retail Space At 150 W 30th Street In Chelsea

150 West 30th Street, Manhattan, New York, NY, USA

Building Size

4,300 SF

Asset Type

Retail

Closing

Jan 13, 2021

AI

A retail property located at 150 W 30th Street in Chelsea was recently leased. The transaction took place on January 14, 2021. The property has a total square footage of 4,300 square feet. The asking rent for the space was $60 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 01/14/2021
  • Address: 150 W 30th Street
  • Market: Chelsea
  • Asking Rent: $60/ft
  • Square Footage: 4,300

The tenant for this retail space is Aerial Arts NYC, while the landlord is Asher Bernstein. The deal was facilitated by brokers Christina Combias and Sam Akleh from Voro NYC, as well as David Berger from Bernstein Real Estate.

Players

Sami Akleh

Voro Real Estate

Broker

6 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93