UNYA Thai Restaurant Leases Retail Space At 237 West 35th Street From David Eshaghian
237 West 35th Street
$74
$74/SF
Building Size
3,435 SF
Asset Type
Retail
Closing
Aug 22, 2024
AI
The property located at 237 West 35th Street, situated in the Midtown South market, is categorized as retail space. The asset has an asking rent of $100 per square foot and encompasses an area of 2,535 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Address: 237 West 35th Street
- Market: Midtown South
- Landlord: David Eshaghian - 35th Street Associates
- Tenant: UNYA Thai Restaurant
- Landlord's Representative: Raymond Mordekhai - Forest Park Properties Inc.
- Tenant's Representative: Noam Aziz - Meridian Capital Group
The transaction involved key representatives including Raymond Mordekhai, who represented the landlord, and Noam Aziz, representing the tenant. Their roles were crucial in facilitating the lease agreement for UNYA Thai Restaurant at the specified location.
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
214364.86%
Cash-on-Cash
-61266.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93