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
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