LEASEDRetail
Meridian's Michael Turovskiy Represents Tenant In Retail Lease At Midtown West's 316 West 39th Street
316 West 39th Street, New York, NY 10018
Building Size
600 SF
Asset Type
Retail
Closing
Dec 28, 2021
AI
The retail property located at 316 West 39th Street in Midtown West has been leased. The deal was finalized on 12/28/2021.
Summary of transaction details:
- Property Type: Retail
- Address: 316 West 39th Street
- Market: Midtown West
- Asking Rent: $120/ft.
- Square Footage: 600
The tenant's representative in this transaction was Michael Turovskiy from Meridian, while the landlord's representatives were Yoni Hadar, Isaac Bijou, and Kevin West, also from Meridian.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93