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:
- Property Type: Retail
- Transaction Amount: $120,000
- Landlord: Related Companies
- Tenant: Imperium Dog Care
- Brokers: Ben Biberaj - IPRG Retail Leasing, Joseph Sobolov - Investment Property Realty Group, Eli Gold - RTL Real Estate, Michael Shkreli - RTL Real Estate
- Lease Date: 2/19/2026
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
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93