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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $65/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Address: 30 West 22nd Street
- Market: Flatiron
- Landlord: Josh Syska
- Tenant: Natural Pilates
- Brokers: Ben Biberaj & Desi Avidane - IPRG Retail Leasing; Lindsay Zegans & Mary Schwagerl - Ripco
This transaction involved a joint effort on an office conversion with RIPCO, showcasing the collaboration among the brokers in the leasing process.
On the Map
$65
$65/SF
Retail
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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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93