Meridian Retail Leasing Represents Best Cleaners In Retail Lease At 439 West 50th Street In Hell's Kitchen
439 West 50th Street, Manhattan, New York, NY, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Nov 18, 2020
About this deal
AI
The retail space located at 439 West 50th Street in Hell's Kitchen has been leased. The property, spanning 1,500 square feet, was leased by Best Cleaners. The lease transaction was facilitated by Ben Biberaj and Alex Imperatore from Meridian Retail Leasing. The landlord of the property is Steven Croman.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 439 West 50th Street
- Market: Hell's Kitchen
Ben Biberaj and Alex Imperatore from Meridian Retail Leasing represented Best Cleaners in the leasing deal at 439 West 50th Street in Hell's Kitchen. Steven Croman is the landlord of the property.
On the Map
Retail
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Players
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