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360 West 42nd Street

Steven Kashanian Leases Retail Space To Pop's Pizza At 360 West 42nd Street In Hell's Kitchen
LEASEDRetail

Steven Kashanian Leases Retail Space To Pop's Pizza At 360 West 42nd Street In Hell's Kitchen

360 West 42nd Street

$300

$300/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Oct 23, 2025

AI

The property asset involved in the transaction is a retail space located at 360 West 42nd Street in the Hell's Kitchen market. The property encompasses a total square footage of 1,000 and has an asking rent of $300 per foot.

Summary of transaction details:

The deal was facilitated by brokers Michael Turovskiy, Albert Salameh, Ike Bibi, and David Green, representing the interest of the landlord and tenant in this retail lease transaction.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93