facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

158 W 23rd St New York, NY ...

Verdigris Leases Retail Space In Chelsea At 158 West 23rd Street With Brokers Marc Sitt & Solomon Tbeile - Kassin Sabbagh Realty
LEASEDRetail

Verdigris Leases Retail Space In Chelsea At 158 West 23rd Street With Brokers Marc Sitt & Solomon Tbeile - Kassin Sabbagh Realty

158 W 23rd St New York, NY 10011, USA

$140

$140/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Jun 22, 2023

AI

The retail space located at 158 West 23rd Street in the Chelsea neighborhood of New York City has been leased in a recent transaction. The property, totaling 2,000 square feet, was leased by Verdigris. The landlord of the property is KSR Capital. The deal was facilitated by brokers Marc Sitt and Solomon Tbeile of Kassin Sabbagh Realty. The asking rent for the space was $140 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A

Marc Sitt and Solomon Tbeile, representing Kassin Sabbagh Realty, played a crucial role in connecting Verdigris with the retail space at 158 West 23rd Street. The deal was successfully negotiated between the tenant and the landlord, KSR Capital. The lease terms and duration were not disclosed in the provided information.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
KSR Capital
KSR CapitalLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

113307.14%

Cash-on-Cash

-32383.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93