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30 W 15th St, New York, NY,...

Rent The Runway Leases Retail Space At 30 W 15th St, New York
LEASEDRetail

Rent The Runway Leases Retail Space At 30 W 15th St, New York

30 W 15th St, New York, NY, 10011

$100

$100/SF

Building Size

6,295 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

The retail property located at 30 W 15th St, New York, NY, 10011, boasts 6,295 square feet of space. The lease agreement for this asset involved Rent the Runway as the tenant, represented by Zack Gross from The Greenberg Group, and the landlord was 30 West 15th Street Owners Associates. The rental rate for this space was $100 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease agreement
  • Tenant: Rent the Runway
  • Tenant's Rep: Zack Gross (The Greenberg Group)
  • Landlord: 30 West 15th Street Owners Associates
  • Rent/SF: $100
  • Square Feet: 6,295

The deal at 30 W 15th St involved Zack Gross from The Greenberg Group representing Rent the Runway, a prominent tenant in the retail market. On the other side of the transaction was the landlord, 30 West 15th Street Owners Associates, a key player in New York's property sector. With a prime location in New York, this leasing agreement reflects the dynamic nature of the city's retail real estate market.

Players

Zack Gross

The Greenberg Group

Broker

5 deals

Broker
RR
Rent The RunwayTenant

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93