Valdeyan Corp. Leases Retail Space In Chelsea Manhattan
228 West 18th Street, New York City, New York 10011, United States
Building Size
900 SF
Asset Type
Retail
Closing
Aug 8, 2022
About this deal
AI
The retail property located at 228 West 18th Street in Chelsea has been leased. The transaction took place on 08/09/2022. The property spans approximately 900 square feet and is owned by Witnick Real Estate Partners. Valdeyan Corp. is the tenant who entered into the lease agreement.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Asking Rent: $186/ft.
Stephen Gabbay from Meridian Retail Leasing represented the tenant, Valdeyan Corp., in this lease agreement. Garrett Kelly, also from Meridian Retail Leasing, represented the landlord, Witnick Real Estate Partners.
On the Map
Retail
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Players
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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