Imperial Orchid Sushi Leases Retail Space At 40 West 37th Street
40 West 37th Street
$127
$127/SF
Building Size
2,850 SF
Asset Type
Retail
Closing
May 1, 2024
AI
The retail property located at 40 West 37th Street in Midtown Manhattan was recently leased for a total of 2,850 square feet at an asking rent of $127 per square foot. The landlord, Roy Kim of Park Ridge International Inc., secured Imperial Orchid Sushi as the tenant for the retail space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Roy Kim - Park Ridge International Inc.
- Tenant: Imperial Orchid Sushi
- Landlord's Representatives: Elena Ivanova, Christopher Okada, & Avery Reavill - Okada & Company
- Tenant's Representatives: Amanda Malekhedayat & Jeff Geoghegan - KSR
The deal was facilitated by Elena Ivanova, Christopher Okada, Avery Reavill, Amanda Malekhedayat, and Jeff Geoghegan, representing the landlord and tenant respectively in the retail lease transaction. The collaborative efforts of these individuals played a vital role in finalizing the lease agreement for this prime retail space in Midtown Manhattan.
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
124905.51%
Cash-on-Cash
-35698.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93