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535 West 23rd Street

Related Companies Leases Retail Space To Imperium Dog Care At 535 West 23rd Street
LEASEDRetail

Related Companies Leases Retail Space To Imperium Dog Care At 535 West 23rd Street

535 West 23rd Street

$100

$100/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Feb 18, 2026

AI

The property involved in this transaction is located at 535 West 23rd Street in the Chelsea market. This retail asset has a specified square footage of 1,200 and is being leased at an asking rent of $100 per square foot. The lease type for this agreement is a Modified Gross Lease.

Summary of transaction details:

The brokers representing this transaction include Ben Biberaj and Joseph Sobolov, who are affiliated with IPRG Retail Leasing and Investment Property Realty Group, respectively. Eli Gold and Michael Shkreli from RTL Real Estate also played a significant role in facilitating the lease agreement.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

194 deals

Broker
Related Companies
Related CompaniesLandlord

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93