Quinn Apparel Leases 1,470 Sq Ft Retail Space At 231 West 39th Street In Midtown Manhattan
231 West 39th Street
$39
$39/SF
Building Size
1,470 SF
Asset Type
Retail
Closing
Dec 21, 2023
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.
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
406743.59%
Cash-on-Cash
-116248.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93