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252 West 46th Street

Mary Maguire Subleases Retail Space To Brendan Donoghue At 252 West 46th Street In Manhattan
LEASEDRetail

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

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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