Patis Bakery Leases Retail Space At 44 West 37th Street In Midtown For $125/ft
44 West 37th Street
$125
$125/SF
Building Size
3,450 SF
Asset Type
Retail
Closing
Feb 1, 2022
About this deal
AI
The retail property located at 44 West 37th Street in Midtown has recently been leased. The lease transaction took place on 02/01/2022.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $125 per square foot
- Square Footage: 3,450
- Address: 44 West 37th Street
- Market: Midtown
The landlord of the property is Blue Star, represented by Jack Ezon and Sion Betesh. The tenant is Patis Bakery. The lease deal was facilitated by the brokers Ike Bibi, Carolina Aziz, and Madeleine Soffer from KSR.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93