Central Rock Gym Leases Retail Space In West Chelsea At 537 West 27th Street
537 West 27th Street, New York City, New York 10001, United States
Building Size
12,895 SF
Asset Type
Retail
Closing
Sep 8, 2022
About this deal
AI
Located in the vibrant West Chelsea market, a retail property at 537 West 27th Street has recently been leased. The space spans 12,895 square feet, and the lease was finalized on September 9, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 537 West 27th Street
- Market: West Chelsea
The landlord for this lease is Tavros Capital, represented by Nicholas Silvers and Dov Barnett. On the tenant's side, Central Rock Gym secured the lease. Representing the tenant in the deal were Jansen Hafen and Jay Gilbert from RPLRE. Acting as the landlord's representatives were Matthew Fogel, David Green, and Ike Bibi from Kassin Sabbagh Realty.
Note: The asking rent for this lease was not mentioned in the available information.
On the Map
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93