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243 West 14th Street, New Y...

243 W Hospitality Leases Retail Space At 243 West 14th Street In New York City
LEASEDRetail

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

Ravi Idnani

Newmark

Broker

$3M

vol

67 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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93