CKR Hospitality Group Leases Retail Space At 154 West 70th Street With Kayvan Hakim As Landlord
154 West 70th Street
$184
$184/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
May 18, 2025
AI
The retail lease transaction took place at 154 West 70th Street in the Upper West Side market. The leased space encompasses 1,300 square feet, with an asking rent set at $184 per foot.
Summary of transaction details:
- Property Type: Retail Lease
- Transaction Amount: $184/ft
- Lease Type: Retail Lease
- Landlord: Kayvan Hakim - Carnegie Hill Properties
- Tenant: CKR Hospitality Group
- Landlord's Representative: Ike Bibi, Solomon Tbeile & David Green - KSR
- Tenant's Representative: Jason Wecker - Newmark
This lease agreement was facilitated by the landlord's representatives, Ike Bibi, Solomon Tbeile, and David Green from KSR, alongside tenant's representative Jason Wecker from Newmark, coordinating the terms of the transaction effectively.
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
86211.96%
Cash-on-Cash
-24639.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93