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401 West 207th Street

Crunch Fitness Signs Retail Lease At 401 West 207th Street In Inwood For $45/ft
LEASEDRetail

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

Eli Yadid

Kassin Sabbagh Realty

Broker

$16M

vol

38 deals

Broker

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93