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
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