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34 Little West 12th StNew Y...

Maiden Home Signs 10-Year Lease For Retail Space On Little West 12th Street
LEASEDRetail

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

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.

Players

Michael Cohen

Newmark

Broker

13 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93