Zen Spa Leases Retail Space At 18 West 38th Street For $70 Per Square Foot
18 West 38th Street
$70
$70/SF
Building Size
1,800 SF
Asset Type
Retail
Closing
Aug 7, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 18 West 38th Street in the Midtown South market. The asking rent for the space is set at $70 per square foot, with a total size of 1,800 square feet. The lease type for this transaction is categorized as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $70/ft
- Square Footage: 1,800
- Address: 18 West 38th Street
- Market: Midtown South
- Landlord: ZD Jasper Realty
- Tenant: Zen Spa
- Brokers: Noam Aziz, Carson Shahrabani & Max Freudenberger - Meridian Capital Group
The key individuals involved in this deal include Noam Aziz, Carson Shahrabani, and Max Freudenberger, who represent Meridian Capital Group. They played a crucial role in facilitating the lease agreement between ZD Jasper Realty and Zen Spa.
On the Map
$70
$70/SF
Retail
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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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93