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30 West 22nd Street

Natural Pilates Leases Retail Space At 30 West 22nd Street With Landlord Josh Syska
LEASEDRetail

Natural Pilates Leases Retail Space At 30 West 22nd Street With Landlord Josh Syska

30 West 22nd Street

$65

$65/SF

Building Size

4,100 SF

Asset Type

Retail

Closing

Oct 14, 2025

AI

The retail asset located at 30 West 22nd Street in the Flatiron market consists of 4,100 square feet. The property has an asking rent of $65 per square foot and is being leased under a Modified Gross Lease for a term of 10 years. The landlord for this transaction is Josh Syska, while the tenant is Natural Pilates.

Summary of transaction details:

This transaction involved a joint effort on an office conversion with RIPCO, showcasing the collaboration among the brokers in the leasing process.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93