Mary Maguire Subleases Retail Space To Brendan Donoghue At 252 West 46th Street In Manhattan
252 West 46th Street
$325,000
$325,000/SF
Building Size
1,425 SF
Asset Type
Retail
Closing
May 27, 2025
About this deal
AI
The property involved in this sublease transaction is located at 252 West 46th Street in Manhattan. This retail asset has an asking rent of $202 per square foot and spans 1,425 square feet. The lease type is a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $202/ft
- Square Footage: 1,425 SF
- Address: 252 West 46th Street
- Market: Manhattan
- Sublandlord: Mary Maguire
- Subtenant: Brendan Donoghue
- Landlord's Rep: James Famularo & Kyle Fink - Meridian Capital Group
- Tenant's Rep: Daniel Sharga - Meridian Capital Group
Key representatives in this transaction include James Famularo and Kyle Fink, who represent the landlord, all from Meridian Capital Group. Daniel Sharga also represents one of the parties in the deal, further highlighting the involvement of Meridian Capital Group in this sublease.
On the Map
$325,000
$325,000/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
48.81%
Cash-on-Cash
-13.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93