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29 West 17th Street, New Yo...

The Moinian Group Leases Retail Space To Baby Grand At 29 West 17th Street In Flatiron
LEASEDRetail

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

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker
The Moinian Group
The Moinian GroupBrokerage
The Moinian Group
The Moinian GroupLandlord

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