Tengda Leases Retail Space In Theater District At 243 West 54th Street
243 West 54th Street, New York, NY, USA
Building Size
3,000 SF
Asset Type
Retail
Closing
Nov 1, 2021
About this deal
AI
The retail property located at 243 West 54th Street in the Theater District has recently been leased. The property, spanning 3,000 square feet, was leased by Tengda. The lease transaction was facilitated by brokers David Green, Albert Manopla, and Sam Chera from KSR. The lease was negotiated with a asking rent of $150 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 243 West 54th Street
- Market: Theater District
- Landlord: The Moinian Group
- Tenant: Tengda
- Brokers: David Green, Albert Manopla, and Sam Chera - KSR
- Asking Rent: $150/ft. ~ SF: 3,000
In this lease transaction, Tengda secured the retail space at 243 West 54th Street, with a lease agreement negotiated by brokers David Green, Albert Manopla, and Sam Chera from KSR. The property is owned by The Moinian Group. The lease was agreed upon with an asking rent of $150 per square foot.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93