Lucky 11 Group Leases Retail Space To Nong Geng Ji At 346 West 46th Street For $67/ft
346 West 46th Street
$67
$67/SF
Building Size
9,900 SF
Asset Type
Retail
Closing
Sep 1, 2026
About this deal
AI
The transaction involves a retail asset located at 365 W 46th Street in Hell's Kitchen. The property comprises a total square footage of 9,900 and operates under a Single Net Lease arrangement, with an asking rent of $67 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $67/ft
- Square Footage: 9,900
- Address: 365 W 46th Street
- Market: Hell's Kitchen
- Tenant: Nong Geng Ji
- Landlord's Representative: Milly Cheung & Jordan Cohen - Lee & Associates
- Tenant's Representative: Kyle Fink & James Famularo - Meridian Capital Group
This lease transaction features significant representation by brokers, with Milly Cheung and Jordan Cohen from Lee & Associates representing the landlord, while Kyle Fink and James Famularo from Meridian Capital Group represent the tenant. Their involvement showcases the collaborative effort in navigating the complexities of the leasing process in a competitive market.
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
236761.19%
Cash-on-Cash
-67667.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93