PIJ Hospitality Leases Retail Space In Midtown Manhattan- 214 W. 39th Street
214 West 39th Street, New York, NY, USA
Building Size
1,600 SF
Asset Type
Retail
Closing
May 31, 2021
AI
Located at 214 W. 39th Street in Midtown, this retail property was recently leased. The lease was handled by PIJ Hospitality LLC as the tenant and Ron Gross as the landlord. The tenant's representative was Adam Lavian and Maxim Raevschi of HabendumRE, while the landlord's representatives were Catherine O'Toole, David Scher, Milana Kakuriyeva, and Stephanie Moore.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 06/01/2021
- Market: Midtown
- Address: 214 W. 39th Street
- Tenant: PIJ Hospitality LLC
- Landlord: Ron Gross
- Tenant's Representative: Adam Lavian and Maxim Raevschi @HabendumRE
- Landlord's Representatives: Catherine O'Toole, David Scher, Milana Kakuriyeva, and Stephanie Moore
- Asking Rent: $105/ft.
- Square Footage: 1,600 SF
Habendum Real Estate, specializing in commercial leasing and sales, represented both landlords and tenants in this deal. For more information, you can contact Maxim Raevschi at (347) 659-7035 and Adam Lavian at (516) 662-6176.
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