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4 West 18th Street

Richard Nagel Leases Retail Space To Lux Healing Spa 18 NYC At 4 West 18th Street
LEASEDRetail

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

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.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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