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40 West 25th Street

Kaufman Organization Leases Retail Space At 40 West 25th Street In New York To Hearts Of Gold
LEASEDRetail

Kaufman Organization Leases Retail Space At 40 West 25th Street In New York To Hearts Of Gold

40 West 25th Street

$110

$110/SF

Building Size

6,671 SF

Asset Type

Retail

Closing

Dec 6, 2022

AI

The retail property located at 40 West 25th Street in New York has been leased. The property has a total of 6,671 square feet and was leased for an asking rent of $110 per square foot. The transaction took place on 12/06/2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 40 West 25th Street, New York
  • Market: New York
  • Asking Rent: $110/ft.
  • Square Footage: 6,671

The landlord for this retail property is the Kaufman Organization. The tenant, Hearts Of Gold, was represented by Shah Eatemad from Root Capital. The landlord's representatives in the deal were James Famularo and Evan Roteman from Meridian Retail Leasing.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

371 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

Hamilton Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93