Removery Signs Lease For Retail Space At 4 W 21st Street In Flatiron
4 West 21st Street
$115
$115/SF
Building Size
2,604 SF
Asset Type
Retail
Closing
Sep 28, 2022
AI
Removery has leased a retail space located at 4 W 21st Street in the Flatiron market. The leased space spans 2,604 square feet. The lease was negotiated by Ken Hochhauser from Winick Realty Group, representing Removery, and Carolina Aziz, Ike Bibi, and Maddy Soffer from KSR, representing the landlord, Ivan Hakimian. The asking rent for the space was $115 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 4 W 21st Street
- Market: Flatiron
- Tenant: Removery
- Landlord: Ivan Hakimian
- Tenant's Rep: Ken Hochhauser - Winick Realty Group
- Landlord's Rep: Carolina Aziz, Ike Bibi, & Maddy Soffer - KSR
- Asking Rent: $115/ft.
- Square Footage: 2,604
The deal was successfully negotiated with the involvement of Ken Hochhauser from Winick Realty Group representing Removery, and Carolina Aziz, Ike Bibi, and Maddy Soffer from KSR representing the landlord, Ivan Hakimian. Removery will now be able to operate its business in the retail space located at 4 W 21st Street. This lease transaction highlights the collaborative efforts of the tenant's representative, Ken Hochhauser, and the landlord's representatives, Carolina Aziz, Ike Bibi, and Maddy Soffer.
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
137939.13%
Cash-on-Cash
-39423.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93