Bloom Diagnostics Leases Retail Space In Fashion District's 34 West 36th Street - Okada & Co. Brokers
34 West 36th Street, New York, NY 10018
Building Size
3,200 SF
Asset Type
Retail
Closing
Jan 3, 2022
AI
A retail property located at 34 West 36th Street in the Fashion District has been leased in a closed transaction. The lease was finalized on January 3, 2022. The property spans an area of 3,200 square feet.
Summary of transaction details
- Property Type: Retail
- Address: 34 West 36th Street
- Market: Fashion District
The landlord of the property is TForce International, while the tenant is Bloom Diagnostics. The leasing deal was facilitated by brokers Chris Okada and Hiro Iwata, who represent Okada & Co. The asking rent for the property was set at $100 per square foot.
In a note uploaded on their Instagram account, @OkadaCo expressed enthusiasm for the new year and highlighted their willingness to collaborate with tenants of all sizes. They emphasized the significance of every deal and the importance of consistently working towards closing them. The brokerage firm is optimistic about the prospects of the retail property market in NYC.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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