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19 West 21st Street, New Yo...

Punch House Leases Retail Space At 19 W. 21st Street, Flatiron
LEASEDRetail

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

Jp Sutro

Lee & Associates

Broker

3 deals

Broker
MP
Mehra PropertiesLandlord

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