Moshe Stareshefsky Leases Retail Space To The Icon NYC At 500 West 43rd Street
500 West 43rd Street
$300
$300/SF
Building Size
500 SF
Asset Type
Retail
Closing
Jul 7, 2025
About this deal
AI
The asset involved in this transaction is a retail space located at 500 West 43rd Street in the Hell's Kitchen market. The property features a modified gross lease with an asking rent of $300 per square foot and encompasses a total area of 500 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $300/ft
- Lease Type: Modified Gross Lease
- Landlord: Moshe Stareshefsky
- Tenant: The Icon NYC
- Brokers: Josh Sarraf & Aaron Aziz - ARA
- Date: 7/8/2025
Josh Sarraf and Aaron Aziz, representing ARA, facilitated this leasing transaction, bringing together the landlord and the tenant to finalize the agreement for the retail space.
On the Map
$300
$300/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
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93