Boxers Washington Heights Signs Lease For Retail Space In Hell's Kitchen At 348 West 52nd Street
348 West 52nd Street, New York, NY 10019
Building Size
7,500 SF
Asset Type
Retail
Closing
Jun 1, 2020
About this deal
AI
An retail property located at 348 West 52nd Street in Hell's Kitchen, New York, has recently been leased. The lease transaction took place on 06/01/2021.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $100 per square foot
- Square Footage: 7,500 SF
- Address: 348 West 52nd Street, Hell's Kitchen
- Market: Hell's Kitchen
The tenant who leased the property is Boxers Washington Heights. The landlord of the property is David Ariel. The lease deal was facilitated by brokers Jeff Geoghegan, Jordan Raphan, Ronnie Shaban, and Michael Turovskiy from Kassin Sabbagh Realty.
On the Map
Retail
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Players
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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