Wolfpack Leases Retail Space At 48 West 22nd Street In Flatiron, Represented By Carolina Aziz, Maddy Soffer, And Ike Bibi
48 West 22nd Street, Manhattan, New York, NY, USA
Building Size
2,300 SF
Asset Type
Retail
Closing
Aug 31, 2021
About this deal
AI
Wolfpack, a retail tenant, has leased a space at 48 West 22nd Street in the Flatiron market. The lease transaction was facilitated by Carolina Aziz, Maddy Soffer, and Ike Bibi from Kassin Sabbagh Realty. The asking rent for the 2,300 square-foot space was $130 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Date: 08/31/2021
- Address: 48 West 22nd Street
- Market: Flatiron
- Tenant: Wolfpack
- Brokers: Carolina Aziz, Maddy Soffer, and Ike Bibi from Kassin Sabbagh Realty
- Asking Rent: $130 per square foot
- Square Footage: 2,300
The deal involved Wolfpack as the tenant and their brokers Carolina Aziz, Maddy Soffer, and Ike Bibi from Kassin Sabbagh Realty. The lease transaction took place on 08/31/2021 for a retail space located at 48 West 22nd Street in the Flatiron market. The space, totaling 2,300 square feet, was leased at an asking price of $130 per square foot.
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