Hela Skin Care Signs Retail Lease At 48 West 22nd Street For $125 Per Square Foot
48 West 22nd Street
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 5, 2026
About this deal
AI
The property involved in this transaction is a retail space located at 48 West 22nd Street in the Flatiron market. It encompasses an area of 2,000 square feet, with an asking rent of $125 per square foot. This property is categorized as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Square Footage: 2,000
- Address: 48 West 22nd Street
- Market: Flatiron
- Landlord: KSR
- Tenant: Hela Skin Care
- Brokers: Julia Maksimova & Albert Manopla - KSR
Key individuals involved in this transaction include Julia Maksimova and Albert Manopla, who represented KSR in this lease agreement. They played a significant role in facilitating the deal for the landlord while securing Hela Skin Care as the tenant.
On the Map
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93