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34 West 36th Street, New Yo...

Bloom Diagnostics Leases Retail Space In Fashion District's 34 West 36th Street - Okada & Co. Brokers
LEASEDRetail

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

Christopher Okada

Okada & Company

Broker

$352.8M

vol

86 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