Meridian Capital Secures Retail Lease For West Vibe Hair Salon In Hell's Kitchen
352 West 46th Street
$120
$120/SF
Building Size
900 SF
Asset Type
Retail
Closing
Mar 20, 2024
AI
The retail property located at 352 West 46th in Hell's Kitchen, Manhattan, was leased to West Vibe Hair Salon. The deal was facilitated by brokers Garrett Kelly, Joshua Erber, Ben Biberaj, and Cameron Parson from Meridian Capital Group. The lease was signed with an asking rent of $120 per square foot for a space measuring 900 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Arik Lifshitz - DSA Property Group
- Tenant: West Vibe Hair Salon
- BROKERS: Garrett Kelly, Joshua Erber, Ben Biberaj & Cameron Parson - Meridian Capital Group
The involvement of Arik Lifshitz from DSA Property Group as the landlord and the selection of West Vibe Hair Salon as the tenant showcases a strategic leasing decision in a prime retail location within Hell's Kitchen. The collaborative effort of the brokers, Garrett Kelly, Joshua Erber, Ben Biberaj, and Cameron Parson, highlights their expertise in facilitating successful commercial real estate transactions in Manhattan's vibrant market.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93