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213 W 35th St, New York, NY...

Dominique Ansel Bakery Leases Retail Space In Garment District For $114/SF
LEASEDRetail

Dominique Ansel Bakery Leases Retail Space In Garment District For $114/SF

213 W 35th St, New York, NY 10001, USA

Building Size

3,700 SF

Asset Type

Retail

Closing

Aug 3, 2020

AI

The retail property located at 213 West 35th St in the Garment District has recently been leased. The tenant, Dominique Ansel Bakery, has entered into a lease agreement with the landlord, Justin Management - David Justin. The lease agreement was facilitated by Maxim Raevschi of Habendum Real Estate. The property spans 3,700 square feet and was leased at an asking rent of $114 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 213 West 35th St
  • Tenant: Dominique Ansel Bakery
  • Landlord: Justin Management - David Justin
  • Broker: Maxim Raevschi - @HabendumRE

Habendum Real Estate, represented by Maxim Raevschi, specializes in commercial leasing and sales. They provide services to landlords and tenants across the five boroughs. For more information about this lease transaction, you can contact Habendum Real Estate at 917-261-6561 or Maxim Raevschi directly at 347-659-7035.

Players

Maxim Raevschi

Habendum Real Estate

Broker

8 deals

Broker
JM
Justin ManagementLandlord

Dominique Ansel

Tenant

$2.8M

vol

2 deals

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