facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

171 West 23rd Street

Updated Oct 29, 2024

7th Street Burger Leases Retail Space At 171 West 23rd Street In New York With KSR As Brokers
LEASEDRetail

7th Street Burger Leases Retail Space At 171 West 23rd Street In New York With KSR As Brokers

171 West 23rd Street

$171

$171/SF

Building Size

1,100 SF

Asset Type

Retail

Closing

Mar 1, 2023

About this deal

AI

Raquel Concepcion, the landlord of 171 West 23rd Street in New York, has entered into a lease agreement with 7th Street Burger, a retail tenant. The deal was facilitated by brokers Daniel Kestenbaum and David Green of KSR. The lease involves a retail space measuring 1,100 square feet, with an asking rent of $171 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 171 West 23rd Street, New York
  • Market: New York
  • Landlord: Raquel Concepcion
  • Tenant: 7th Street Burger
  • Brokers: Daniel Kestenbaum & David Green - KSR
  • Asking Rent: $171/ft
  • Square Footage: 1,100

Daniel Kestenbaum and David Green of KSR played a crucial role in representing both the landlord, Raquel Concepcion, and the tenant, 7th Street Burger, in the lease agreement for the retail space at 171 West 23rd Street. Their expertise and negotiation skills ensured the successful conclusion of the deal.

Players

Daniel Kestenbaum

Kassin Sabbagh Realty

Broker

23 deals

Broker
7B
7th Street BurgerTenant

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Deal FAQ

About $171 per square foot on a published $171 for 1,100 square feet (2023).

Visit Daniel (Dan) Kestenbaum to view all their deals.

Browse New York retail leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

92766.08%

Cash-on-Cash

-26512.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets