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21 West 17th Street

Vinbaytel Property Development Leases Retail Space To Chef Jiho Klm At 21 West 17th Street
LEASEDRetail

Vinbaytel Property Development Leases Retail Space To Chef Jiho Klm At 21 West 17th Street

21 West 17th Street

$77

$77/SF

Building Size

3,120 SF

Asset Type

Retail

Closing

Jul 23, 2026

AI

The retail asset located at 21 West 17th Street in the Flatiron District has a square footage of 3,120, with an asking rent of $77 per foot. This lease falls under the Single Net Lease category and is associated with Vinbaytel Property Development as the landlord and Chef Jiho Klm as the tenant.

Summary of transaction details:

Key individuals in this transaction include Ben Davis from Ripco, representing the landlord Vinbaytel Property Development, and Noam Aziz along with Carson Shahrabani from Meridian Capital Group, representing the tenant Chef Jiho Klm. Their involvement is critical in facilitating the leasing agreement between both parties.

Players

Ben Davis

Ripco

Broker

5 deals

Broker
VD
Vinbaytel Property DevelopmentLandlord

Chef Jiho Klm

Tenant

1 deal

Tenant

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

206012.99%

Cash-on-Cash

-58879.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93