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515 West 36th Street

Kevin Lalezarian Leases Retail Space To Dental 36 At 515 West 36th Street In Hudson Yards
LEASEDRetail

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

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:

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.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

60 deals

Broker
Kevin Lalezarian

Kevin Lalezarian

Landlord

$628.1M

vol

9 deals

Landlord

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