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30 West 22nd Street

Josh Syska Of Akelius Property Management Leases Retail Space To SpaLaLa In Flatiron District
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

194 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