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325 W 42nd St New York, NY ...

La Vie Signs 10-Year Retail Lease At 325 West 42nd Street In Hell's Kitchen
LEASEDRetail

La Vie Signs 10-Year Retail Lease At 325 West 42nd Street In Hell's Kitchen

325 W 42nd St New York, NY 10036, USA

$200

$200/SF

Building Size

1,800 SF

Asset Type

Retail

Closing

Aug 1, 2023

AI

The retail property located at 325 West 42nd Street in Hell's Kitchen has recently been leased. The landlord, Aya Residential - Amir Shriki, has entered into an agreement with the tenant, La Vie, for a lease term of 10 years. The property has a total square footage of 1,800 and the asking rent is $200 per square foot.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 325 West 42nd Street, Hell's Kitchen
  • Market: Hell's Kitchen
  • Landlord: Aya Residential - Amir Shriki
  • Tenant: La Vie
  • Broker: Sam Hamway - REQCE Commercial
  • Asking Rent: $200 per square foot
  • Lease Term: 10 years

The deal was facilitated by Sam Hamway, the broker from REQCE Commercial. This successful lease transaction brings in a new tenant, La Vie, to the retail space at 325 West 42nd Street. The details of the lease, such as the rental price and square footage, were negotiated between the landlord, Aya Residential - Amir Shriki, and the tenant, La Vie.

Players

Sam Hamway

REQCE Commercial

Broker

3 deals

Broker

Amir Shriki

Aya Acquisitions

Landlord

$460.3M

vol

10 deals

Landlord

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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93