Aaron Kitaeff Leases Retail Space To Kraft Studio At 460 West 46th Street In Hell's Kitchen
460 West 46th Street
$144
$144/SF
Building Size
500 SF
Asset Type
Retail
Closing
Apr 1, 2025
AI
The retail property located at 460 West 46th Street in Hell's Kitchen has a lease agreement established with an asking rent of $144 per square foot for a total of 500 square feet. The lease type is categorized as a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $144/ft
- Address: 460 West 46th Street
- Market: Hell's Kitchen
- Landlord: Aaron Kitaeff
- Tenant: Kraft Studio
- Brokers: Garrett Kelly & Max Freudenberger - Meridian Capital Group
- Lease Type: Modified Gross Lease
Garrett Kelly and Max Freudenberger from Meridian Capital Group represent the landlord, Aaron Kitaeff, in this leasing transaction involving the tenant, Kraft Studio.
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
110159.72%
Cash-on-Cash
-31483.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93