House Of Ness Leases Retail Space At 332 W. 57th St. In Midtown West From Heller Realty
332 W 57th St, New York, NY 10019, USA
Building Size
650 SF
Asset Type
Retail
Closing
Jul 29, 2020
About this deal
AI
A retail space located at 332 W. 57th St. (Space B) in Midtown West has recently been leased. The property, managed by Heller Realty, was rented by House of Ness. The leasing transaction was facilitated by Jason Horowitz from Triforce Commercial Real Estate who represented the tenant, and James Famularo and Ben Biberaj from Meridian Capital Group who served as the landlord's representatives. The asking rent for the 650 square feet space was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 332 W. 57th St. (Space B)
- Market: Midtown West
The lease deal for the retail space at 332 W. 57th St. in Midtown West was successfully closed. House of Ness will be occupying the 650 square foot space, which is managed by Heller Realty. Jason Horowitz from Triforce Commercial Real Estate represented the tenant, while James Famularo and Ben Biberaj from Meridian Capital Group acted as the landlord's representatives.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
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