Retail Lease Deal Finalized In Meatpacking District At 416 West 13th Street By Renna ANNEX And Landlord L3 Capital
416 West 13th Street, Manhattan, New York, NY, USA
Building Size
1,200 SF
Asset Type
Retail
Closing
Oct 1, 2021
About this deal
AI
The retail property located at 416 West 13th Street in the Meatpacking District of New York City has been leased. The transaction took place on October 1, 2021. The property, spanning 1,200 square feet, was leased by Renna ANNEX. The landlord in this deal is L3 Capital.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 10/01/2021
- Address: 416 West 13th Street
- Market: Meatpacking District
- Tenant: Renna ANNEX
- Tenant's Representative: Brandon Singer & Sara Armet - Retail By MONA
- Landlord: L3 Capital
- Asking Rent: $110 per square foot
- Leasable Area: 1,200 square feet
The leasing transaction was facilitated by Brandon Singer and Sara Armet of Retail By MONA, who represented Renna ANNEX in the deal.
On the Map
Retail
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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