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
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