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31 West 14th Street

Renzo Gracie Academy Leases Retail Space At 31 West 14th Street In Union Square
LEASEDRetail

Renzo Gracie Academy Leases Retail Space At 31 West 14th Street In Union Square

31 West 14th Street

$150

$150/SF

Building Size

5,000 SF

Asset Type

Retail

Closing

Apr 14, 2023

AI

The Renzo Gracie Academy has signed a lease for a retail space located at 31 West 14th Street in Union Square. The property, spanning 5,000 square feet, was leased from landlord Avi Dishi. The asking rent for the space was $150 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Tenant: Renzo Gracie Academy
  • Landlord: Avi Dishi
  • Address: 31 West 14th Street
  • Market: Union Square
  • Asking Rent: $150 per square foot

The deal was facilitated by brokers Marybeth Ourlicht, Laura Belocas, and Jeff Geoghegan of KSR agency.

Players

Jeff Geoghegan

Kassin Sabbagh Realty

Broker

27 deals

Broker
Avi Dishi

Avi Dishi

Elysee Investment

Landlord

$255.5M

vol

8 deals

Landlord

Renzo Gracie

Tenant

3 deals

Tenant

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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93