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:
- Property Type: Retail
- Transaction Amount: $77/ft
- Square Footage: 3,120
- Address: 21 West 17th Street
- Market: Flatiron District
- Landlord: Vinbaytel Property Development
- Tenant: Chef Jiho Klm
- Landlord's Representative: Ben Davis - Ripco
- Tenant's Representatives: Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Lease Type: Single Net Lease
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
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