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54 West 39th Street

Slavik Gofman Leases Retail Space At 54 West 39th Street To Brooklyn Breathes For $46/ft
LEASEDRetail

Slavik Gofman Leases Retail Space At 54 West 39th Street To Brooklyn Breathes For $46/ft

54 West 39th Street

$46

$46/SF

Building Size

3,500 SF

Asset Type

Retail

Closing

May 4, 2025

AI

This retail lease transaction occurred at 54 West 39th Street in the Midtown South market. The asking rent for the space is $46 per square foot, and it encompasses 3,500 square feet. The lease type is a Modified Gross Lease.

Summary of transation details:

Representing the landlord in this transaction is James Famularo from Meridian Capital Group, along with Bobby Ortense from the same agency as the broker for the lease agreement.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

Slavik Gofman

Landlord

9 deals

Landlord

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

344847.83%

Cash-on-Cash

-98558.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93