57th Street Convenience Leases Retail Space At 334 West 57th Street In Midtown West
334 West 57th Street, New York, NY 10019, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Oct 11, 2021
About this deal
AI
Ben Biberaj of Meridian Retail Leasing and David Green of KSR facilitated the lease transaction for 57th Street Convenience at 334 West 57th Street in Midtown West. The retail space, spanning 1,000 square feet, was leased from the landlord, Heller Realty, at an asking rent of $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Date: 10/11/2021
- Address: 334 West 57th Street
- Market: Midtown West
The lease agreement between Heller Realty and 57th Street Convenience was brokered by Ben Biberaj from Meridian Retail Leasing and David Green from KSR. The deal was closed on 10/11/2021, with the retail space located at 334 West 57th Street in Midtown West.
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