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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $46/ft
- Lease Type: Modified Gross Lease
- Address: 54 West 39th Street
- Market: Midtown South
- Landlord: Slavik Gofman
- Tenant: Brooklyn Breathes
- Landlord's Representative: James Famularo - Meridian Capital Group
- Broker: Bobby Ortense - Meridian Capital Group
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.
On the Map
$46
$46/SF
Retail
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Players
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