Meridian Capital Brokers Facilitate Lease At 232 W 14th Street In New York
232 West 14th Street
$220
$220/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Oct 7, 2022
About this deal
AI
The retail property located at 232 W 14th Street in New York has recently been leased. The lease was facilitated by brokers Ben Biberaj and Elliot Wygoda from Meridian Capital. The asking rent for the space was $220 per square foot, and the total square footage of the property is 1,500.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 232 W 14th Street
- Market: New York
- Brokers: Ben Biberaj & Elliot Wygoda – Meridian Capital
- Asking Rent: $220/ft
- Square Footage: 1,500
Ben Biberaj and Elliot Wygoda from Meridian Capital played a key role in the leasing of the property. Their expertise and negotiation skills helped facilitate the deal, ensuring that both the landlord and the tenant reached a mutually beneficial agreement.
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
72104.55%
Cash-on-Cash
-20607.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93