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213 West 35th Street, Manha...

Cutlets Sandwich Co. Leases Retail Space In Midtown Manhattan
LEASEDRetail

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

Matthew DeRose
Verified Badge

Matthew DeRose

Nomad Group

Broker

35 deals

Broker

William Janetschek

Nomad Group

Broker

$3.8M

vol

30 deals

Broker
Adam Justin

Adam Justin

Justin Management

Landlord

$4M

vol

5 deals

Landlord
CC
Cutlets Sandwich Co.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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93