Cutlets Sandwich Co. Leases Retail Space In Midtown Manhattan
213 West 35th Street, Manhattan, New York, NY, USA
Building Size
4,085 SF
Asset Type
Retail
Closing
Jun 24, 2021
AI
An 3,085 square foot retail space in Midtown, located at 213 West 35th Street, has been leased. The lease transaction was completed on 06/25/2021.
Summary of transaction details
- Property Type: Retail
- Tenant: Cutlets Sandwich Co.
- Tenant's Representative: Richie Zaro - Nomad Group
- Landlord: Adam Justin - Justin Management
- Tenant's Representative: Matthew DeRose & William Janetschek - Nomad Group
- Asking Rent: $100/ft.
- Total Square Footage: 4,085 (3,085 Ground + 1,000 Lower Level)
The tenant, Cutlets Sandwich Co., was represented by Richie Zaro from the Nomad Group. The landlord, Adam Justin, represented Justin Management. Matthew DeRose and William Janetschek, also from the Nomad Group, served as representatives for both the tenant and the landlord during the leasing process.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93