Acutiy Capital Partners Leases Retail Space To Pink Chocolates In Midtown West For $90/ft
364 West 36th Street
$90
$90/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Feb 24, 2026
AI
The property involved in this transaction is located at 364 West 36th Street in Midtown West, categorized as retail space. The asking rent for the property is set at $90 per square foot, with a total square footage of 1,000. The lease term negotiated is for 10 years under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Acuity Capital Partners
- Tenant: Pink Chocolates
- Brokers: Ben Biberaj - IPRG Retail Leasing; Desi Avidane, Brandt Lewis & Russell Kolen - Investment Property Realty Group (IPRG)
The transaction involves key individuals, including Ben Biberaj representing IPRG Retail Leasing and Desi Avidane, Brandt Lewis, and Russell Kolen representing Investment Property Realty Group (IPRG). They facilitated the leasing agreement between the landlord, Acuity Capital Partners, and the tenant, Pink Chocolates, contributing their expertise to ensure a successful deal.
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93