Angela Guerra Studio Leases Retail Space At 4 West 18th Street In Flatiron With Meridian Retail Leasing
4 West 18th Street, New York, NY, USA
Building Size
2,000 SF
Asset Type
Retail
Closing
Feb 23, 2021
About this deal
AI
The retail space located at 4 West 18th Street in the Flatiron market has been leased. The tenant, Angela Guerra Studio, has signed a lease agreement with the landlord, Nagel Roofing - Richard Nagel. The lease transaction was facilitated by James Famularo, Ben Biberaj, and Andrew Ingber of Meridian Retail Leasing.
Summary of transaction details
- Property Type: Retail
- Address: 4 West 18th Street
- Market: Flatiron
- Tenant: Angela Guerra Studio
- Landlord: Nagel Roofing - Richard Nagel
- Brokers: James Famularo, Ben Biberaj, and Andrew Ingber - Meridian Retail Leasing
- Asking Rent: $48/ft.
- Square Footage: 2,000
This lease transaction involved Angela Guerra Studio as the tenant and Nagel Roofing as the landlord. James Famularo, Ben Biberaj, and Andrew Ingber of Meridian Retail Leasing represented both parties in this deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93