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42 West 33rd Street

Befikre Leases Retail Space At 42 West 33rd Street In Midtown With Torkian Group As Landlord
LEASEDRetail

Befikre Leases Retail Space At 42 West 33rd Street In Midtown With Torkian Group As Landlord

42 West 33rd Street

$150

$150/SF

Building Size

5,600 SF

Asset Type

Retail

Closing

Nov 16, 2025

AI

The retail asset located at 42 West 33rd Street in Midtown features a lease for a total square footage of 5,600. The asking rent price is set at $150 per square foot.

Summary of transaction details:

This lease agreement involves key representatives from both parties. The landlord's interests are represented by Michael Paster, Alex Hedaya, and Jenna Kestan from Newmark, while the tenant is represented by Marc Sitt and Dorel Melloul from KSR.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage
Newmark
NewmarkBrokerage

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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93