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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $240,000
- Address: 20 West 14th Street
- Market: Union Square
- Landlord: Alan Jemal
- Tenant: Chelsea Nails
- Brokers: Dorel Melloul, Marc Sitt, Solomon Sharaby, Samuel Chera & Norma Askenazi - KSR
- Lease Type: Retail Lease
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.
On the Map
$120
$120/SF
Retail
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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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93