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:
- Property Type: Retail
- Transaction Amount: $280/ft
- Lease Type: Retail Lease
- Address: 405 West 13th Street
- Market: Meatpacking District
- Landlord: Bobby Cayre - Aurora Capital Associates
- Tenant: AHLEM
- Broker Representatives: Solomon Tbeile, Carolina Aziz & Ike Bibi - KSR
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
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