RNA Herald Square Acquires Retail Space At 35 W 36th St, New York For $130/sf
35 W 36th St, New York, Ny 10018
$130
$130/SF
Building Size
2,264 SF
Asset Type
Retail
Closing
Jun 21, 2023
AI
The retail space located at 35 W 36th Street - Retail West in New York has been leased. The property consists of 2,264 square feet and was leased by tenant Meep Deng Feng. The landlord, RNA Herald Square, is represented by Evan Roteman and James Famularo from Meridian Capital Group. The tenant is represented by James Ariola from Cushman & Wakefield. The asking rent for the space was $130 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 35 W 36th Street - Retail West
- Market: New York
Evan Roteman and James Famularo from Meridian Capital Group represented the landlord, RNA Herald Square, in the leasing transaction. James Ariola from Cushman & Wakefield represented Meep Deng Feng, the tenant. The lease agreement for the retail space was finalized with an asking rent of $130 per square foot.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93