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451 West 46th Street

Hair Salon Leases Retail Space In Hell's Kitchen With Titan Group NYC
LEASEDRetail

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

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.

Players

Adam Lavian

Titan Group New York

Broker

59 deals

Broker

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