Jason Nagin Leases Retail Space To Beatbox At 248 West 14th Street In West Village
248 West 14th Street
$108
$108/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Feb 10, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 248 West 14th Street in the West Village market of Manhattan. The modified gross lease has an asking rent of $108 per square foot for a total space of 4,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $108/ft
- Square Footage: 4,000
- Address: 248 West 14th Street
- Market: West Village, Manhattan
- Landlord: Jason Nagin
- Tenant: Beatbox
- Landlord's Representative: Greg Goldberg - Meridian Capital Group
- Tenant's Representative: William Chaplin - Newmark
- Lease Type: Modified Gross Lease
In this transaction, Greg Goldberg from Meridian Capital Group represents the landlord, Jason Nagin, while William Chaplin from Newmark represents the tenant, Beatbox. This deal showcases the collaboration of experienced professionals in the retail leasing market.
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
146879.63%
Cash-on-Cash
-41978.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93