Yves Jadot's YJR Group Leases Retail Space At 310 West 40th Street In Garment District, NYC
310 West 40th Street, New York, NY 10018
Building Size
2,700 SF
Asset Type
Retail
Closing
Sep 27, 2018
About this deal
AI
The retail property located at 310 West 40th Street in the Garment District of New York has been leased. The transaction took place on 09/28/2018. The asset spans a total of 2,700 square feet on the ground floor, with an additional 4,200 square feet on the 40th and 41st floors. The lease was signed by YJR Group, headed by Yves Jadot, as the tenant. The landlord of the property is Abraham Noy.
Summary of transaction details:
- Property Type: Retail
- Tenant: YJR Group - Yves Jadot
- Landlord: Abraham Noy
- Date: 09/28/2018
- Address: 310 West 40th Street
- Market: Garment District, New York
- Brokers: Yoni Hadar, Albert Manopla from Kassin Sabbagh Realty
The lease was facilitated by brokers Yoni Hadar and Albert Manopla from Kassin Sabbagh Realty. The per square foot price for the leased property is $48. It is noteworthy that the retail space consists of 2,700 square feet on the ground floor and an additional 4,200 square feet on the 40th and 41st floors.
Players
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Boundary boundary · Retail · Lease transactions
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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