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32 West 18th Street

Allstate Flooring Leases Retail Space At 32 West 18th Street In New York City
LEASEDRetail

Allstate Flooring Leases Retail Space At 32 West 18th Street In New York City

32 West 18th Street

$120

$120/SF

Building Size

2,145 SF

Asset Type

Retail

Closing

Jan 10, 2023

AI

The retail property located at 32 West 18th Street in New York City has been leased. The property, totaling 2,145 square feet, was leased by Allstate Flooring. The landlord, Dalan Management, was represented by Richard Skulnik and Lindsay Zegans from Ripco. Allstate Flooring was represented by Meyer Dagmy from MOD. The lease transaction was completed on January 10, 2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 32 West 18th Street
  • Market: New York City
  • Landlord: Dalan Management
  • Tenant: Allstate Flooring
  • Landlord's Representative: Richard Skulnik & Lindsay Zegans - Ripco
  • Tenant's Representative: Meyer Dagmy - MOD
  • Asking Rent: $120/ft
  • Square Footage: 2,145

The deal involved the cooperation of Richard Skulnik and Lindsay Zegans from Ripco, representing Dalan Management as the landlord's representatives, and Meyer Dagmy from MOD, representing Allstate Flooring as the tenant's representative. The lease presents a successful transaction for both parties in the retail market of New York City.

Players

Richard Skulnik

Ripco

Broker

9 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker
Dalan Management
Dalan ManagementLandlord

Market 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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93