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
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