Wild & Reckless Wrestling Gym Leases Retail Space In Midtown South
54 West 39th Street, Manhattan, New York, NY, USA
Building Size
3,500 SF
Asset Type
Retail
Closing
Jun 30, 2021
About this deal
AI
The retail property located at 54 West 39th Street in Midtown South has been leased. The lease transaction was completed on July 1, 2021, for the entire 2nd floor of the building. The property, spanning 3,500 square feet, is situated in a prime market for retail businesses.
Summary of transation details
- Property Type: Retail
- Date: 07/01/2021
- Address: 54 West 39th Street (Entire 2nd floor)
- Market: Midtown South
The tenant for this leased space is Wild & Reckless Wrestling Gym. The landlord of the property is Slavik Gofman. Keion Smith from Habendum Real Estate represented Wild & Reckless Wrestling Gym as their tenant's representative. On the other hand, Greg Goldberg and James Famularo from Meridian Retail Leasing served as the landlord's representatives in this leasing agreement.
The lease was negotiated at an asking rent of $48 per square foot, resulting in a total lease amount of approximately $168,000 per year.
On the Map
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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