facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

traded

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

410 West 24th Street

Jonathan Bock Of Olmstead Properties Leases Retail Space To Sculpt Studio In Chelsea
LEASEDRetail

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

Garrett Kelly

Meridian Capital Group

Broker

60 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
Jonathan Bock

Jonathan Bock

Olmstead Properties

Landlord

2 deals

Landlord
Olmstead Properties
Olmstead PropertiesLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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