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
About this deal
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.
On the Map
$144
$144/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
110159.72%
Cash-on-Cash
-31483.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93