Gadfly Lounge Leases Retail Space At 258 West 15th Street In Chelsea
258 West 15th Street, Manhattan, New York, NY, USA
Building Size
1,750 SF
Asset Type
Retail
Closing
Apr 13, 2021
AI
The retail property located at 258 West 15th Street in Chelsea has been leased. The property, spanning approximately 1,750 square feet, was listed with an asking rent of $120 per square foot. The lease transaction took place on April 14, 2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 258 West 15th Street
- Market: Chelsea
- Tenant: Gadfly Lounge
- Landlord: Rocio Sanz - Sanz Management
- Broker: Ariel Baradarian - Kassin Sabbagh Realty
- Asking Rent: $120/ft.
- Square Footage: 1,750
Ariel Baradarian from Kassin Sabbagh Realty represented the tenant, Gadfly Lounge, in the lease transaction. The landlord, Rocio Sanz, is associated with Sanz Management.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93