KENDALL & KYLIE Lease Retail Space At 27 W 24th St, New York
27 W 24th St, New York, NY, 10010
Building Size
2,600 SF
Asset Type
Retail
Closing
Jul 5, 2016
AI
The retail property located at 27 West 24th St, New York, NY, 10010, encompassing 2,600 square feet, was involved in a lease transaction. KENDALL + KYLIE, the clothing line by Kendall and Kylie Jenner, leased the space. The tenant was represented by Matthew Cohen of The Lansco Corp, while the landlord, The Kaufman Organization, was represented in-house by Ian Norris and Aron Orbach.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: KENDALL + KYLIE
- Tenant's Rep: Matthew Cohen
- Landlord: The Kaufman Organization
- Square Feet: 2600
- Market: New York
- Address: 27 W 24th St, New York, NY, 10010
Notable individuals involved in the deal included Matt Cohen from The Lansco Corp representing the tenant, KENDALL + KYLIE. On the other side, the landlord, The Kaufman Organization, was represented by Ian Norris and Aron Orbach in-house. The transaction, which took place on July 5, 2016, brought together these key figures to facilitate the lease agreement for the retail space.
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