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3 West 13th Street

Art Nail NYC Leases Retail Space At 3 West 13th Street In Greenwich Village
LEASEDRetail

Art Nail NYC Leases Retail Space At 3 West 13th Street In Greenwich Village

3 West 13th Street

$62

$62/SF

Building Size

2,300 SF

Asset Type

Retail

Closing

Apr 26, 2024

AI

The retail property located at 3 West 13th Street - 2nd Floor in Greenwich Village, Manhattan, was leased under a retail lease agreement. The space spans 2,300 square feet, with an asking rent of $62 per square foot, amounting to a total of $12,000 per month.

Summary of transaction details:

The lease for the retail space was facilitated by Laura Cvek as the landlord and Art Nail NYC as the tenant. The deal was negotiated with the help of multiple brokers representing both parties, including Ben Biberaj, Gabrielle Weiss from Meridian Capital Group, Josh Lipton, Andrew Levine from Invictus, and Nolan Weinberg, Zachary Nathan from KSR.

Players

Andrew Levine

Invictus Property Advisors

Broker

$453.3M

vol

67 deals

Broker

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

255854.84%

Cash-on-Cash

-73124.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93