Greg Goldberg & Benny Sternberg Represent Retail Lease At 35 West 64th Street
$86
$86/SF
Building Size
6,200 SF
Asset Type
Retail
Closing
May 29, 2024
AI
The retail property located at 35 West 64th Street in Lincoln Square was leased to Soothr. The deal was finalized on 05/29/2024, with an asking rent of $86 per square foot for a space measuring 6,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Illias Theodorpoulos
- Tenant: Soothr
- Brokers: Greg Goldberg & Benny Sternberg - Meridian Capital Group
Greg Goldberg and Benny Sternberg from Meridian Capital Group represented both parties in the retail lease transaction, bringing together Illias Theodorpoulos as the landlord and Soothr as the tenant at the prime location in Lincoln Square. The successful deal symbolizes a collaboration benefiting all involved parties in the commercial real estate market.
Players
Market 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
184453.49%
Cash-on-Cash
-52717.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93