Felix Cabrera Leases Retail Space At 29 West 36th Street In Midtown West
29 West 36th Street, Midtown West, New York
Building Size
15,000 SF
Asset Type
Retail
Closing
Jun 14, 2020
About this deal
AI
Located in Midtown West, the retail property at 29 West 36th Street has recently been leased. The lease transaction took place on June 14, 2021. The property spans a total of 15,000 square feet and is situated in a prime market area.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 06/14/2021
- Address: 29 West 36th Street
- Market: Midtown West
- Tenant: Felix Cabrera
- Brokers: John Roesch, Kevin Bisconti, & James Famularo - Meridian Retail Leasing
- Asking Rent: $65/ft. (Blended)
The lease deal was facilitated by the team of brokers consisting of John Roesch, Kevin Bisconti, and James Famularo from Meridian Retail Leasing. They worked alongside the tenant, Felix Cabrera, to secure the lease agreement for the retail property at 29 West 36th Street.
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