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243 West 54th Street, New Y...

Updated Mar 17, 2025

Tengda Leases Retail Space In Theater District At 243 West 54th Street
LEASEDRetail

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

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

89 deals

Broker
The Moinian Group
The Moinian GroupBrokerage
The Moinian Group
The Moinian GroupLandlord

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

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