American Gold & Coins Leases Retail Condo On West 57th Street Midtown West With Ben Biberaj & James Famularo - Meridian Retail Leasing
332 West 57th Street, Manhattan, New York, NY, USA
Building Size
1,400 SF
Asset Type
Retail
Closing
Feb 5, 2021
About this deal
AI
A retail condo located at 332 West 57th Street in Midtown West has been leased. The property, with a size of 1,400 square feet, was leased by American Gold & Coins. The lease was facilitated by Ben Biberaj and James Famularo from Meridian Retail Leasing. The asking rent for the space was $185 per square foot.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Date: 02/06/2021
- Address: 332 West 57th Street
- Market: Midtown West
- Tenant: American Gold & Coins
- Brokers: Ben Biberaj & James Famularo - Meridian Retail Leasing
- Asking Rent: $185/ft.
- Size: 1,400 square feet
The lease transaction for the retail condo at 332 West 57th Street was successfully closed with American Gold & Coins as the tenant. Ben Biberaj and James Famularo from Meridian Retail Leasing represented the tenant in this deal.
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