Crunch Fitness Signs Retail Lease At 401 West 207th Street In Inwood For $45/ft
401 West 207th Street
$45
$45/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Aug 1, 2024
AI
The property asset involved in this transaction is a retail lease located at 401 West 207th Street in the Inwood market. The lease terms include an asking rent of $45 per square foot for a total space of 20,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $900,000
- Tenant: Crunch Fitness
- Asking Rent: $45/ft
- Square Footage: 20,000
- Date: 08/01/2024
The key individuals involved in this transaction are brokers Eli Yadid, Rafael Benor, and Nathan Ades, who represent KSR in this lease agreement, solidifying the arrangement between the landlord and Crunch Fitness.
Players
New York 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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93