243 W Hospitality Leases Retail Space At 243 West 14th Street In New York City
243 West 14th Street, New York, NY, 10011
$125
$125/SF
Building Size
2,410 SF
Asset Type
Retail
Closing
May 25, 2023
AI
The retail property located at 243 West 14th Street in New York City has been leased. The transaction was finalized on 05/25/2023.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $125/ft
- Square Footage: 2,410
- Address: 243 West 14th Street
The landlord of the property is Shalimar Management, while the tenant is 243 W Hospitality. The landlord was represented by Joshua Singer and Liz Goldstein from The Heller Organization. On the other hand, JD Cohen, Ravi Idnani, and Ariel Harwood from Newmark represented the tenant in the lease deal.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93