Carrot Express Leases Retail Space In Flatiron For $225/ft
18 West 23rd Street, New York, NY 10010
Building Size
1,600 SF
Asset Type
Retail
Closing
May 1, 2020
AI
The retail property located at 18 West 23rd Street in the Flatiron market has been leased. The lease transaction took place on 05/01/2021.
Summary of transaction details
- Property Type: Retail
- Address: 18 West 23rd Street
- Market: Flatiron
The tenant, Carrot Express, will occupy the leased space. The landlords of the property are George Pantelidis, James Pantelidis, and Peter Pantelidis. The landlord's representative in this transaction was Steven Politis.
The asking rent for the 1,600 square feet space was $225 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93