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:
- Property Type: Retail
- Transaction Amount: $79/ft
- Address: 158 West 27th Street
- Market: Chelsea
- Lease Type: Retail Lease
- Tenant: Powerhouse Gym
- Landlord's Rep: David Abrams, Jeff Jacobson & Eliot Goldschmidt - Masonre
- Tenant's Rep: Conrad Bradford - KSR
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
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