Sandro & Maje Secure Leases At 405 West 13th Street In Meatpacking District
405 West 13th Street New York, New York 10014, USA
Building Size
2,500 SF
Asset Type
Retail
Closing
Jun 26, 2023
AI
Aurora Capital Associates has leased out approximately 2,500 square feet of retail space at 405 West 13th Street in New York City's Meatpacking District. The specific lease details have not been disclosed.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 405 West 13th Street
- Market: Meatpacking District
- Landlord: Aurora Capital Associates - Jared Epstein
- Tenant: Sandro & Maje
- Broker: Arian Ahmadian
Both Sandro and Maje have secured leases for the retail space at 405 West 13th Street. Aurora Captial Associates, represented by Jared Epstein, acts as the landlord. Arian Ahmadian, on behalf of the tenant, takes the role of the broker in this deal. The lease agreement details have not been disclosed.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93