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37 West 26th Street, New Yo...

PR83 Hospitality Leases Retail Space At 37 West 26th Street In Flatiron
LEASEDRetail

PR83 Hospitality Leases Retail Space At 37 West 26th Street In Flatiron

37 West 26th Street, New York, NY, USA

Building Size

3,000 SF

Asset Type

Retail

Closing

May 28, 2020

AI

The retail property located at 37 West 26th Street in the Flatiron market has been leased. The transaction took place on May 28, 2021. The property is approximately 3,000 square feet in size and is owned by Windsor Management. The tenant involved in the lease is PR83 Hospitality.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 37 West 26th Street
  • Market: Flatiron

The leasing of this retail property was facilitated by Meridian Retail Leasing, with brokers John Roesch, Kevin Bisconti, and James Famularo representing both the tenant, PR83 Hospitality, and the landlord, Windsor Management. The asking rent for the lease was $120 per square foot.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker
WM
Windsor ManagementLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93