Quinn Apparel Leases 1,470 Sq Ft Retail Space At 231 West 39th Street In Midtown Manhattan
231 West 39th Street
Building Size
1,470 SF
Asset Type
Retail
Closing
Dec 21, 2023
About this deal
AI
Quinn Apparel, a clothing label based in New York City, has recently signed a five-year lease for a retail space located at 231 West 39th Street in Midtown Manhattan. The leased space covers an area of 1,470 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 231 West 39th Street, Midtown Manhattan
The lease agreement was secured at a rate of $39 per square foot. This arrangement was facilitated by the following brokers: David Levy, James Buslik, and Jeffrey Buslik, all representing Adams & Co.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
406743.59%
Cash-on-Cash
-116248.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93