LEASEDRetail
Fushimi NYC Leases Retail Space At 311 West 43rd Street In Midtown West
311 East 43rd Street, New York City, New York 10017, United States
Building Size
20,000 SF
Asset Type
Retail
Closing
Jan 10, 2022
About this deal
AI
The retail property located at 311 West 43rd Street in Midtown West has been leased. The lease was finalized on January 11, 2022.
Summary of transaction details:
- Property Type: Retail
- Address: 311 West 43rd Street
- Market: Midtown West
- Tenant: Fushimi NYC
- Brokers: James Famularo & Greg Goldberg (Meridian Retail Leasing)
- Asking Rent: $60 per square foot
- Size: 20,000 square feet
James Famularo and Greg Goldberg, representing Meridian Retail Leasing, facilitated the lease agreement for the retail property on behalf of the tenant, Fushimi NYC.
Players
New York Retail Market Snapshot
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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