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37 West 46th Street, Manhat...

Ruyamak Thai Restaurant Leases Retail Space At 37 West 46th Street In Midtown Manhattan
LEASEDRetail

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

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker
EO
Elo OrganizationLandlord

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