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410 West 47th Street, New Y...

Private Personal Training Studio Leases Retail Space In Hell's Kitchen
LEASEDRetail

Private Personal Training Studio Leases Retail Space In Hell's Kitchen

410 West 47th Street, New York City, New York 10036, United States

Building Size

2,824 SF

Asset Type

Retail

Closing

Apr 14, 2022

AI

Located at 410 W. 47th St. in Hell's Kitchen, a retail space has been leased. The property, consisting of 2,824 square feet, was leased on April 15, 2022.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Asking Rent: $50/ft.

The landlord for this property is Casey Lloyd, while the tenant is a private personal training studio known as Studio 16. Representing the tenant in this lease deal are Adam Lavian, Tyler Zar, and Tanner Zar from Titan Group New York. On the other hand, the landlord is represented by Michael Pinney from Signature Partners.

For more information, please contact Titan Group New York:

Players

Adam Lavian

Titan Group New York

Broker

58 deals

Broker
S1
Studio 16Tenant

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