Posh Bakery Leases Retail Space At 315 West 39th Street, Midtown West
315 West 39th Street
$170
$170/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Apr 10, 2024
AI
The retail property located at 315 West 39th Street in Midtown West was leased to Posh Bakery. The lease was facilitated by brokers Elliot Gindi and Joshua Berkun from KSR. The property features an asking rent of $120 per square foot with a total area of 1,100 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Handler Real Estate Organization
- Tenant: Posh Bakery
- Brokers: Elliot Gindi & Joshua Berkun - KSR
- Address: 315 West 39th Street
- Market: Midtown West
The lease agreement for the retail space at 315 West 39th Street was successfully executed between Handler Real Estate Organization as the landlord and Posh Bakery as the tenant. Elliot Gindi and Joshua Berkun, representing KSR, played crucial roles in finalizing the deal, highlighting their expertise in the retail leasing market.
Players
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
93311.76%
Cash-on-Cash
-26668.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93