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204 West 115th Street

Bright Future Kiddie Care 5 Leases Retail Space At 204 West 115th Street In Manhattan
LEASEDRetail

Bright Future Kiddie Care 5 Leases Retail Space At 204 West 115th Street In Manhattan

204 West 115th Street

$37

$37/SF

Building Size

3,389 SF

Asset Type

Retail

Closing

Jan 27, 2026

AI

The retail asset located at 204 West 115th Street in Manhattan features a total square footage of 3,389. The single net lease for this space has an asking rent of $37 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $37/ft
  • Square Footage: 3,389
  • Lease Type: Single Net Lease
  • Landlord: Rodney Prop - Tahl Properties
  • Tenant: Bright Future Kiddie Care 5
  • Landlord's Representative: Noam Aziz, Cory Rywalt & Joseph Khojahiny - Meridian Capital Group
  • Tenant's Representatives: Michael Gilbert - Gilco Realty & Erica Lawless - Established Realty

This transaction involved several key representatives. Landlord's representatives Noam Aziz, Cory Rywalt, and Joseph Khojahiny operated under Meridian Capital Group, while the tenant was represented by Michael Gilbert from Gilco Realty and Erica Lawless from Established Realty.

Players

Joseph Khojahiny

Meridian Capital Group

Broker

13 deals

Broker

Rodney Propp

Landlord

$203M

vol

10 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

428729.73%

Cash-on-Cash

-122532.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93