Kevin Lalezarian Leases Retail Space To Dental 36 At 515 West 36th Street In Hudson Yards
515 West 36th Street
$54
$54/SF
Building Size
6,600 SF
Asset Type
Retail
Closing
Apr 1, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 515 West 36th Street in the Hudson Yards market. It encompasses a square footage of 6,600 and has an asking rent of $54 per foot. The lease type is categorized as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $54/ft
- Address: 515 West 36th Street
- Market: Hudson Yards
- Landlord: Kevin Lalezarian
- Tenant: Dental 36
- Landlord's Representative: Peter Whitenack - Newmark & Evan Roteman
- Tenant's Representatives: David Sabbagh & David Green - KSR
The deal was facilitated by representatives from both sides, with Peter Whitenack and Evan Roteman representing the landlord, Kevin Lalezarian. On the tenant's side, David Sabbagh and David Green from KSR represented Dental 36 in this transaction.
On the Map
$54
$54/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
293759.26%
Cash-on-Cash
-83957.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93