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354 West 44th Street, New Y...

Meridian Capital Group Leases Mezzanine Retail Space In New York's West 44th Street
LEASEDRetail

Meridian Capital Group Leases Mezzanine Retail Space In New York's West 44th Street

354 West 44th Street, New York City, New York 10036

$90

$90/SF

Building Size

800 SF

Asset Type

Retail

Closing

Jan 27, 2023

AI

A retail space at 354 West 44th Street (Mezzanine) in New York has been leased. The property, with a size of approximately 800 square feet, was leased by the tenant at an asking rent of $90 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 354 West 44th Street (Mezzanine), New York
  • Market: New York

The landlord for this lease deal was Josh Einhorn. The leasing transaction was facilitated by James Famularo and Evan Roteman from Meridian Capital Group.

Meridian Retail Leasing is currently looking to expand its team and is hiring for broker positions. They have two spots left in the MRL Training Program, Winter Class of 2023. For more information or to apply for the role, interested individuals can email [email protected] or DM @meridian_retail_leasing.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

368 deals

Broker

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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93