Apollo Bagels Leases 4000 SF Retail Space At 224 West 35th Street In Midtown
224 West 35th Street
$100
$100/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Mar 18, 2025
AI
The property asset involved in this lease transaction is a retail space located at 224 West 35th Street in the Midtown market. The asset encompasses 4,000 square feet with a rent price of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 224 West 35th Street
- Market: Midtown
- Square Feet: 4000.0
- Tenant: Apollo Bagels
- Landlord: Nader Ohebshalom - Gatsby Enterprises
- Tenant's Representative: David Green - Kassin Sabbagh Realty, Albert Halawani - Kassin Sabbagh Realty
- Landlord's Representative: Aaron Aziz - ARA
The deal involves Apollo Bagels leasing the retail space from landlord Nader Ohebshalom of Gatsby Enterprises. The transaction is represented for the tenant by David Green and Albert Halawani from Kassin Sabbagh Realty, while the landlord is represented by Aaron Aziz from ARA.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93