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154 West 70th Street

CKR Hospitality Group Leases Retail Space At 154 West 70th Street With Kayvan Hakim As Landlord
LEASEDRetail

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:

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

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 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

86211.96%

Cash-on-Cash

-24639.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93