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35 West 19th Street, New Yo...

Vinyl Steakhouse Leases Retail Space In Flatiron At 35 West 19th Street
LEASEDRetail

Vinyl Steakhouse Leases Retail Space In Flatiron At 35 West 19th Street

35 West 19th Street, New York, NY 10011, USA

Building Size

2,000 SF

Asset Type

Retail

Closing

Sep 27, 2021

AI

The retail property located at 35 West 19th Street in the Flatiron market has recently been leased. The lease transaction was finalized on 09/27/2021.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $150/ft.
  • Square Footage: 2,000 SF
  • Address: 35 West 19th Street
  • Market: Flatiron

The landlord of the property is Dan Forrester & Richard Carroll. The tenant who leased the space is Vinyl Steakhouse 🥩. The lease transaction was facilitated by Jordan Forrester from Transworld Equities, who represented the landlord in the deal.

Players

Jordan Forrester

Broker

2 deals

Broker

Richard Carroll

Landlord

$29.1M

vol

4 deals

Landlord

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