The Moinian Group Leases Retail Space To Baby Grand At 29 West 17th Street In Flatiron
29 West 17th Street, New York, NY, USA
Building Size
3,000 SF
Asset Type
Retail
Closing
Jul 21, 2021
AI
The retail property located at 29 West 17th Street in the Flatiron market has been leased. The transaction was completed on 07/22/2021.
Summary of transaction details
- Property Type: Retail
- Address: 29 West 17th Street
- Market: Flatiron
The tenant for this property is Baby Grand, a company known as @babygrandnyc on Instagram. The landlord of the property is The Moinian Group. The leasing transaction was facilitated by the following brokers: David Green, Albert Manopla, Sam Chera, and Christina Combias from KSR, and Sami Akleh from Voro Real Estate, known as @vororealestate on Instagram.
The asking rent for the space was $150 per square foot, and the total square footage of the property is 3,000 square feet.
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