Ruyamak Thai Restaurant Leases Retail Space At 37 West 46th Street In Midtown Manhattan
37 West 46th Street, Manhattan, New York, NY, USA
Building Size
7,500 SF
Asset Type
Retail
Closing
Dec 31, 2020
About this deal
AI
Located in Midtown, the retail property at 37 West 46th Street has recently been leased. The tenant, Ruyamak - Thai Restaurant, will be occupying the space. The landlord of the property is Elo Organization. The leasing transaction was facilitated by Yoni Hadar & James Famularo from Meridian Retail Leasing.
Summary of Transaction Details:
- Property Type: Retail
- Asking Rent: $150/ft.
- Square Footage: 7,500
- Date: 01/01/2021
- Market: Midtown
Yoni Hadar & James Famularo, from Meridian Retail Leasing, represented the tenant, Ruyamak - Thai Restaurant, in this lease transaction. The deal was successfully negotiated with the landlord, Elo Organization. The lease for this retail property in Midtown was finalized on 01/01/2021.
On the Map
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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