Richard Nagel Leases Retail Space To Lux Healing Spa 18 NYC At 4 West 18th Street
4 West 18th Street
$48
$48/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jun 30, 2025
About this deal
AI
The property asset involved in this lease transaction is located at 4 West 18th Street in the Flatiron District. This retail space encompasses 2,000 square feet and is leased at an asking rent of $48 per square foot. The lease agreement is structured as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48/ft
- Lease Type: Single Net Lease
- Landlord: Richard Nagel
- Tenant: Lux Healing Spa 18 NYC
- Landlord's Representative: Ben Biberaj & Nick Hanna - Meridian Capital Group
Key individuals involved in the transaction include Richard Nagel as the landlord and Lux Healing Spa 18 NYC as the tenant. The landlord's representatives, Ben Biberaj and Nick Hanna, are affiliated with Meridian Capital Group, facilitating the lease arrangement.
On the Map
$48
$48/SF
Retail
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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
330479.17%
Cash-on-Cash
-94451.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93