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2 W 28th St New York, NY 10...

Lola's NYC Leases Retail Space At 2 West 28th Street In NoMad With Reps Ian Rice & Jacqueline Klinger
LEASEDRetail

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

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

Ariel Akkad

HH Equities

Landlord

$21.3M

vol

5 deals

Landlord

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