Punch House Leases Retail Space At 19 W. 21st Street, Flatiron
19 West 21st Street, New York, NY 10010
Building Size
3,500 SF
Asset Type
Retail
Closing
Jul 1, 2020
AI
The retail property located at 19 W. 21st Street in the Flatiron market has been leased. The transaction took place on 07/01/2021. The asset spans approximately 3,500 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 07/01/2021
- Address: 19 W. 21st Street
- Market: Flatiron
- Tenant: Punch House 🥊
- Landlord: Mehra Properties - Vijay Mehra
- Tenant's Representative: David Green - Assin Sabbagh Realty
- Landlord's Representative: JP Sutro & Morris Dweck - eeAssociatesNYC
- Asking Rent: $85/ft.
Punch House 🥊 is the tenant for this retail property, while Mehra Properties, owned by Vijay Mehra, acts as the landlord. David Green from Assin Sabbagh Realty serves as the tenant's representative, and JP Sutro & Morris Dweck from eeAssociatesNYC represent the landlord in this lease deal.
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