Josh Syska Of Akelius Property Management Leases Retail Space To SpaLaLa In Flatiron District
30 West 22nd Street
$65
$65/SF
Building Size
4,100 SF
Asset Type
Retail
Closing
May 28, 2025
AI
The property asset involved in this transaction is a retail space located at 30 West 22nd Street within the Flatiron District. The space encompasses 4,100 square feet and operates under a single net lease. The asking rent for this location is set at $65 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $65/ft
- Address: 30 West 22nd Street
- Market: Flatiron District
- Asset Type: Retail
- Landlord: Josh Syska - Akelius Property Management
- Tenant: SpaLaLa
- Landlord's Rep: Ben Biberaj & Desi Avidane - Meridian Capital Group
- Tenant's Rep: Benjamin Namdar - ARA
- Lease Type: Single Net Lease
Key individuals involved in this transaction include Josh Syska representing Akelius Property Management as the landlord, and SpaLaLa as the tenant. The landlord's representation was managed by Ben Biberaj and Desi Avidane from Meridian Capital Group, while the tenant was represented by Benjamin Namdar from ARA.
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