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35 W 36th St, New York, Ny ...

RNA Herald Square Acquires Retail Space At 35 W 36th St, New York For $130/sf
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 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

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93