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41 West 23rd Street

Steve Gorey Leases Retail Space To Something Green At 41 West 23rd Street In Manhattan
LEASEDRetail

Steve Gorey Leases Retail Space To Something Green At 41 West 23rd Street In Manhattan

41 West 23rd Street

$242

$242/SF

Building Size

793 SF

Asset Type

Retail

Closing

Jun 8, 2025

AI

This retail lease transaction took place at 41 West 23rd Street in Manhattan. The landlord for this property is Steve Gorey, and the tenant is Something Green. The asking rent for the leased space was $242 per square foot, with a total square footage of 793. The lease type was classified as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $242/ft
  • Square Footage: 793
  • Landlord: Steve Gorey
  • Tenant: Something Green
  • Landlord's Representative: Zachary Nathan & Jordan Raphan - KSR
  • Tenant's Representative: Kyle Fink - Meridian Capital Group
  • Date of Transaction: 6/9/2025

The representatives involved in this transaction include Zachary Nathan and Jordan Raphan of KSR, who represented the landlord, while Kyle Fink from Meridian Capital Group acted as the representative for the tenant. Their involvement facilitated the leasing agreement between the two parties.

Players

Jordan Raphan

Kassin Sabbagh Realty

Broker

40 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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

65549.59%

Cash-on-Cash

-18734.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93