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227 W 13th St New York, NY ...

My Device Inc Leases Retail Space At 227 West 13th Street, New York City
LEASEDRetail

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

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

194 deals

Broker

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