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405 West 13th Street

AHLEM Leases Retail Space From Landlord Bobby Cayre At 405 West 13th Street For $280/ft
LEASEDRetail

AHLEM Leases Retail Space From Landlord Bobby Cayre At 405 West 13th Street For $280/ft

405 West 13th Street

$280

$280/SF

Building Size

1,500 SF

Asset Type

Retail

Closing

Sep 4, 2025

AI

The property involved in the transaction is a retail asset located at 405 West 13th Street in the Meatpacking District. The lease was secured for a rental rate of $280 per square foot, encompassing a total lease space of 1,500 square feet.

Summary of transaction details:

This lease transaction involves key individuals including Bobby Cayre, who represents the landlord, and AHLEM as the tenant. The brokers facilitating the deal are Solomon Tbeile, Carolina Aziz, and Ike Bibi from KSR, each playing a critical role in executing the agreement.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
Bobby Cayre

Bobby Cayre

Aurora Capital Associates

Landlord

$981.4M

vol

12 deals

Landlord

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

56653.57%

Cash-on-Cash

-16191.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93