Maiden Home Signs 10-Year Lease For Retail Space On Little West 12th Street
34 Little West 12th StNew York, New York 10014, USA
Building Size
—
Asset Type
Retail
Closing
May 25, 2023
About this deal
AI
Maiden Home, a home furnishings company, has signed a 10-year lease for a 4,100-square-foot retail space in New York City's Meatpacking district. The flagship store will be located at 34 Little West 12th Street and will consist of a 3,300-square-foot ground-floor retail area and a partial 850-square-foot cellar.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Square Footage: 4,100
- Address: 34 Little West 12th Street
- Market: New York
Maiden Home was represented by Neal Ohm and Michael Cohen from Newmark in the lease agreement.
On the Map
Retail
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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