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
About this deal
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.
Traded’s record for 316 West 39th Street, New York, NY 10018 in New York, New York covers a retail lease from 2021. Published size for 316 West 39th Street, New York, NY 10018 is 600 square feet. Michael Turovskiy, Yoni Hadar, Isaac Bijou, Kevin West appear on the lease alongside MOD, Raven Property Advisors, Meridian Capital Group. This page is the New York, New York file for the 316 West 39th Street, New York, NY 10018 retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 316 West 39th Street, New York, NY 10018 around 2021. Cite this Meridian's Michael Turovskiy Represents Tenant In Retail Lease At Midtown West's 316 West 39th Street lease when underwriting similar retail product around New York, New York.
Players
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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