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315 West 35th Street, Manha...

Buyk Leases Retail Space In Midtown Manhattan At 315 West 35th Street
LEASEDRetail

Buyk Leases Retail Space In Midtown Manhattan At 315 West 35th Street

315 West 35th Street, Manhattan, New York, NY 10001, USA

Building Size

3,500 SF

Asset Type

Retail

Closing

Oct 4, 2021

AI

315 West 35th Street in Midtown has recently been leased for retail use. The property, consisting of 3,500 square feet, was rented by the tenant Buyk. The lease was brokered by Scott Feldberg of GPG Management, representing the tenant, and Carolina Aziz, Maddy Soffer, and Ike Bibi of KSR, representing the landlord Aini Assets & AB Sons Group, led by Ezra Aini. The asking rent for the space was $125 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Date: 10/04/2021
  • Address: 315 West 35th Street
  • Market: Midtown

The deal was facilitated by Scott Feldberg from GPG Management, who served as the tenant's representative. The landlord, Aini Assets & AB Sons Group, was represented by Carolina Aziz, Maddy Soffer, and Ike Bibi of KSR.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
AA
Aini AssetsLandlord
B
BuykTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93