Hair Salon Leases Retail Space In Hell's Kitchen With Titan Group NYC
451 West 46th Street
$100
$100/SF
Building Size
800 SF
Asset Type
Retail
Closing
Nov 15, 2023
About this deal
AI
The property involved in this lease transaction is a retail space located at 451 West 46th Street in Hell's Kitchen. The space spans approximately 800 square feet and was leased by a Hair Salon. The lease type for this transaction is a Ground Lease. The landlord in this deal is Davis Realty.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 451 West 46th Street
- Market: Hell's Kitchen
The brokers involved in this lease transaction are Tanner Zar, Tyler Zar, and Adam Lavian from Titan Group New York. They represented both the landlord, Davis Realty, and the tenant, Hair Salon, in this deal. The brokers have extensive knowledge of the Hell's Kitchen area, serving as a bridge between the landlord and the tenant. For inquiries or further information, please contact Tyler Zar at [email protected] or (516) 784-0478. You can also find them on Twitter at @TitanGroupNY.
On the Map
$100
$100/SF
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93