Maya Tribeca Spa Leases Retail Space In Hell's Kitchen For $84/ft With Yu Yong - Alignment NY
406 West 52nd Street
$84
$84/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Feb 8, 2024
AI
The retail property located at 406 West 52nd Street (2nd Floor) in Hell's Kitchen, Manhattan has been leased. The property spans 1,000 square feet and the lease is of the retail type. The transaction was completed on 02/08/2024.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $84/ft
- Square Footage: 1,000
- Address: 406 West 52nd Street (2nd Floor), Hell's Kitchen, Manhattan
- Market: Hell's Kitchen, Manhattan
The landlord for this lease is Aetna Realty, represented by Ben Braka. The tenant, Maya Tribeca Spa, secured the lease with the assistance of their representative, Yu Yong from Alignment NY. On the landlord's side, James Famularo and Dev Vasani from Meridian Capital Group acted as the representatives.
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
188845.24%
Cash-on-Cash
-53972.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93