Allstate Flooring Leases Retail Space In New York City At 32 West 18th Street
32 West 18th Street, New York City, New York 10011, United States
$120
$120/SF
Building Size
2,145 SF
Asset Type
Retail
Closing
Jan 10, 2023
About this deal
AI
Located at 32 West 18th Street in New York City, this retail property has recently been leased. The transaction was finalized on January 10, 2023, between the landlord, Dalan Management, and the tenant, Allstate Flooring. The space spans 2,145 square feet and comes with an asking rent of $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 32 West 18th Street
- Market: New York City
Representing the landlord in this deal were Richard Skulnik and Lindsay Zegans from Ripco. Meyer Dagmy from MOD acted as the tenant's representative.
On the Map
$120
$120/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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93