facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

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

61 deals

Broker
Kevin Lalezarian

Kevin Lalezarian

Landlord

$628.1M

vol

9 deals

Landlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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