Jonathan Bock Of Olmstead Properties Leases Retail Space To Sculpt Studio In Chelsea
410 West 24th Street
$152
$152/SF
Building Size
570 SF
Asset Type
Retail
Closing
Jul 15, 2025
AI
The property asset involved in the transaction is a retail space located at 410 West 24th Street in Chelsea, Manhattan. The asking rent for this space is set at $152 per square foot for a total area of 570 square feet. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $152/ft
- Square Footage: 570
- Address: 410 West 24th Street
- Market: Chelsea, Manhattan
- Landlord: Jonathan Bock - Olmstead Properties
- Tenant: Sculpt Studio
- Tenant's Representative: Garrett Kelly & Max Freudenberger - Meridian Capital Group
The key individuals involved in this lease transaction include Jonathan Bock, representing the landlord Olmstead Properties, and Garrett Kelly and Max Freudenberger, who represent the tenant Sculpt Studio as their brokers from Meridian Capital Group.
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
104361.84%
Cash-on-Cash
-29826.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93