Alfa Development Leases Retail Space At 245 West 14th Street In Chelsea, Manhattan To Leafy Nyc
245 West 14th Street
$95
$95/SF
Building Size
3,964 SF
Asset Type
Retail
Closing
Nov 1, 2023
About this deal
AI
Alfa Development has leased a retail space at 245 West 14th Street in the Chelsea area of Manhattan. The property, measuring 3,964 square feet, was leased to Leafy NYC. The lease was brokered by Emre Bozkurt and Steven Evans of Platinum Properties. The asking rent for the space was $95 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 245 West 14th Street
- Market: Chelsea, Manhattan
Emre Bozkurt and Steven Evans from Platinum Properties represented the landlord, Alfa Development, in the lease deal with Leafy NYC.
On the Map
$95
$95/SF
Retail
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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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93