My Device Inc Leases Retail Space At 227 West 13th Street, New York City
227 W 13th St New York, NY 10011, USA
$110
$110/SF
Building Size
2,300 SF
Asset Type
Retail
Closing
Jul 17, 2023
AI
A retail property in New York City, located at 227 West 13th Street, has recently been leased. The Internal Yoga Institute, serving as the landlord, has agreed to lease the space to My Device Inc, the new tenant. The lease transaction was facilitated by Ben Biberaj and Elliot Wygoda of Meridian Capital Group, who represented the landlord, and Maxim Raevschi of Habendum Real Estate, who represented the tenant. The retail property, spanning 2,300 square feet, was leased at an asking rent of $110 per square foot.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 07/17/2023
- Address: 227 West 13th Street, New York City
- Market: New York City
- Landlord: Internal Yoga Institute
- Tenant: My Device Inc
- Landlord's Representative: Ben Biberaj & Elliot Wygoda - Meridian Capital Group
- Tenant's Representative: Maxim Raevschi - Habendum Real Estate
- Asking Rent: $110 per square foot
- Square Footage: 2,300
The deal involved the Internal Yoga Institute leasing their retail space to My Device Inc. Ben Biberaj and Elliot Wygoda, representing the landlord as part of the Meridian Capital Group, worked alongside Maxim Raevschi, the tenant's representative from Habendum Real Estate, to facilitate the lease transaction. The retail property, located at 227 West 13th Street in New York City, spans 2,300 square feet and was leased at an asking rent of $110 per square foot.
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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93