Davis Realty Leases Retail Space To J Bike Shop At 451 West 46th Street In Hell's Kitchen
451 West 46th Street
$110
$110/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Dec 1, 2025
About this deal
AI
The property asset involved in this transaction is a retail unit located at 451 West 46th Street in Hell's Kitchen. The lease was executed at an asking rent of $110 per square foot for a total area of 1,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $110/ft
- Square Footage: 1,000 SF
- Landlord: Davis Realty
- Tenant: J Bike Shop
- Brokers: Tyler Zar & Yisrael Bassalian - Titan Group New York
- Lease Type: Retail Lease
- Date: 1/1/2026
Titan Group New York acted as the representative for both the landlord, Davis Realty, and the tenant, J Bike Shop, in this lease transaction. The brokerage specializes in both commercial and residential leasing, offering guidance to property owners seeking to lease their vacant units.
On the Map
$110
$110/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93