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
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.
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
144209.09%
Cash-on-Cash
-41215.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93