Domain Entertainment Group Leases Retail Space At 510 W. 42nd St. In Midtown West With Brokers John Roesch & Kevin Bisconti - Meridian Retail Leasing
510 West 42nd Street, New York City, New York 10036, United States
Building Size
10,000 SF
Asset Type
Retail
Closing
Apr 20, 2022
About this deal
AI
The retail property located at 510 W. 42nd St. in Midtown West has recently been leased. The transaction took place on 04/21/2022. The property, spanning 10,000 square feet, was leased by Domain Entertainment Group at an asking rent of $100 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 510 W. 42nd St.
- Market: Midtown West
- Tenant: Domain Entertainment Group
In this lease deal, the brokers involved were John Roesch and Kevin Bisconti from Meridian Retail Leasing. They represented Domain Entertainment Group in securing the lease agreement. No additional information about the brokers or the deal was provided.
Note: According to the broker, the leased space features a ground floor area of 5,000 square feet and two fully built-out 2,500 square foot rooftops.
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