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20 West 14th Street

Alan Jemal Leases Retail Space To Chelsea Nails At 20 West 14th Street In Union Square
LEASEDRetail

Alan Jemal Leases Retail Space To Chelsea Nails At 20 West 14th Street In Union Square

20 West 14th Street

$120

$120/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Feb 1, 2025

AI

The retail asset located at 20 West 14th Street in Union Square encompasses a lease with Chelsea Nails as the tenant. The lease is for a space measuring 2,000 square feet, with an asking rent of $120 per square foot.

Summary of transation details:

Key individuals involved in this transaction include landlord Alan Jemal and the team of brokers representing the deal, which consists of Dorel Melloul, Marc Sitt, Solomon Sharaby, Samuel Chera, and Norma Askenazi from KSR.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93