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537 West 27th Street, New Y...

Central Rock Gym Leases Retail Space In West Chelsea At 537 West 27th Street
LEASEDRetail

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

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.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
Nicholas Silvers

Nicholas Silvers

Tavros Capital

Landlord

3 deals

Landlord
CG
Central Rock GymTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93