Lola's NYC Leases Retail Space At 2 West 28th Street In NoMad With Reps Ian Rice & Jacqueline Klinger
2 W 28th St New York, NY 10001, USA
$160
$160/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Jun 7, 2023
AI
The retail space located at 2 West 28th Street in NoMad has been leased in a recent transaction. The property spans 2,400 square feet and was leased by Lola's NYC. The landlord for this space is Ariel Akkad. The lease deal was facilitated by Carolina Aziz and Ike Bibi from KSR, representing the landlord, and Ian Rice and Jacqueline Klinger, representing the tenant. The asking rent for this retail space was $160 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 2 West 28th Street
- Market: NoMad
- Tenant: Lola's NYC
- Landlord: Ariel Akkad
Carolina Aziz and Ike Bibi from KSR represented the landlord in this lease deal. The tenant, Lola's NYC, was represented by Ian Rice and Jacqueline Klinger.
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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93