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
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
113307.14%
Cash-on-Cash
-32383.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93