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500 West 43rd Street

Moshe Stareshefsky Leases Retail Space To The Icon NYC At 500 West 43rd Street
LEASEDRetail

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

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.

Players

Aaron Aziz

ARA

Broker

47 deals

Broker

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