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
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