Wisteria Nail Leases Retail Space At 344 West 57th Street In Midtown West
344 West 57th Street, Manhattan, New York, NY, USA
Building Size
2,000 SF
Asset Type
Retail
Closing
Jun 1, 2020
About this deal
AI
The property involved in the transaction is a retail space located at 344 West 57th Street in Midtown West. The lease was signed on 06/01/2021.
Summary of transaction details
- Property Type: Retail
- Address: 344 West 57th Street
- Market: Midtown West
The tenant, Wisteria Nail, has secured the lease for the 2,000 square feet retail space. The asking rent for the property was $180 per square foot.
Representing the tenant in this transaction were James Famularo, Ben Biberaj, and Andrew Ingber from Meridian Retail Leasing.
Players
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