Sunshine NYC LLC Leases Retail Space At 406 West 52nd Street In Hell's Kitchen
406 West 52nd Street, New York City, New York 10019, United States
Building Size
1,000 SF
Asset Type
Retail
Closing
Apr 4, 2022
AI
A retail space located at 406 West 52nd Street in Hell's Kitchen, New York City, has been leased. The lease transaction was finalized on April 5, 2022.
Summary of transaction details
- Property Type: Retail
- Address: 406 West 52nd Street, Hell's Kitchen
- Market: Hell's Kitchen
The landlord for this retail space is Aetna Realty, while the tenant is Sunshine NYC LLC. Representing the landlord in this lease deal was Chris Medeiros from Meridian Retail Leasing.
The lease was secured at an asking rent of $72 per square foot, with the retail space covering an area of 1,000 square feet.
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