Barnea Bistro Leases Retail Space On 31 West 17th Street In Flatiron
31 West 17th Street, New York, NY, USA
Building Size
2,630 SF
Asset Type
Retail
Closing
Jun 2, 2020
About this deal
AI
A retail property located at 31 West 17th Street in the Flatiron market has been leased. The tenant, Barnea Bistro, will be occupying the space. The lease was brokered by Yoni Hadar, James Famularo, and Isaac Bijou from Meridian Retail Leasing. The landlord of the property is the Hakimian Organization. The asking rent for the 2,630 square feet space was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 31 West 17th Street
- Tenant: Barnea Bistro
- Landlord: Hakimian Organization
- Brokers: Yoni Hadar, James Famularo, and Isaac Bijou - Meridian Retail Leasing
- Asking Rent: $120 per square foot
- Square Footage: 2,630
The notable aspect of Barnea Bistro is that it is certified kosher by OU.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93