LEASEDRetail
Gucci Leases Retail Space At 400 West 14th Street In New York City
400 West 14th Street
$700
$700/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Mar 22, 2023
AI
The retail property located at 400 West 14th Street in New York City has been leased in a transaction. The landlord, Rockfeld Group, has agreed to lease the property to the tenant, Gucci.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $700/ft
- Square Footage: 10,000
- Lease Term: Long Term
The lease deal was facilitated by brokers Brandon Singer from Retail By Mona and Michael O'Neil from Cushman & Wakefield.
Players
Market 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
22661.43%
Cash-on-Cash
-6476.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93