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158 West 27th Street

Powerhouse Gym Leases Retail Space At 158 West 27th Street In Chelsea For $79/ft
LEASEDRetail

Powerhouse Gym Leases Retail Space At 158 West 27th Street In Chelsea For $79/ft

158 West 27th Street

$57

$57/SF

Building Size

18,887 SF

Asset Type

Retail

Closing

Mar 1, 2025

AI

The asset involved in this transaction is a retail space located at 158 West 27th Street in the Chelsea market. The asking rent for this property is $79 per square foot, with a total area of 18,887 square feet.

Summary of transaction details:

This deal features representation by multiple brokers. The landlord's interests are represented by David Abrams, Jeff Jacobson, and Eliot Goldschmidt from Masonre. On the tenant side, Conrad Bradford from KSR represents Powerhouse Gym in this lease transaction.

Players

Eliot Goldschmidt

Masonre

Broker

$17.3M

vol

11 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

278298.25%

Cash-on-Cash

-79538.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93