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:
- Property Type: Retail
- Transaction Amount: $150/ft
- Address: 42 West 33rd Street
- Market: Midtown
- Landlord: Torkian Group
- Tenant: Befikre
- Landlord's Representative: Michael Paster, Alex Hedaya & Jenna Kestan - Newmark
- Tenant's Representative: Marc Sitt & Dorel Melloul - KSR
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
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93