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352 West 46th Street

Meridian Capital Secures Retail Lease For West Vibe Hair Salon In Hell's Kitchen
LEASEDRetail

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:

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93