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231 West 39th Street

Quinn Apparel Leases 1,470 Sq Ft Retail Space At 231 West 39th Street In Midtown Manhattan
LEASEDRetail

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

Jeff Buslik

Adams & Company

Broker

14 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

406743.59%

Cash-on-Cash

-116248.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93