Meraviglia Leases Retail Space At 46 W. 22nd Street With Tenant's Rep Logan Ryan - Meridian Retail Leasing And Landlord's Rep Ralph Hanan & Brett Weinblatt
46 West 22nd Street, New York, NY 10010
Building Size
2,200 SF
Asset Type
Retail
Closing
Apr 20, 2021
AI
An retail property located at 46 W. 22nd Street has been leased. The property spans approximately 2,200 square feet and was leased by the tenant, Meraviglia. The landlord of the property is Jason & Adam Hanan. The tenant's representative in this deal is Logan Ryan from Meridian Retail Leasing, while Ralph Hanan & Brett Weinblatt from Compass Commercial NYC represent the landlord.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 04/21/2021
- Address: 46 W. 22nd Street
- Tenant: Meraviglia
- Landlord: Jason & Adam Hanan
- Tenant's Representative: Logan Ryan - Meridian Retail Leasing
- Landlord's Representatives: Ralph Hanan & Brett Weinblatt - Compass Commercial NYC
- Asking Rent: $100/ft.
- Square Footage: 2,200
The deal was secured with an asking rent of $100 per square foot. The tenant, Meraviglia, was represented by Logan Ryan from Meridian Retail Leasing. On the landlord's side, Ralph Hanan and Brett Weinblatt from Compass Commercial NYC acted as representatives for Jason & Adam Hanan.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93