Meridian Retail Leasing Acquires Retail Space In Bryant Park, NY
Y7 Studio Bryant Park, 54 West 39th Street, New York, NY, USA
Building Size
3,700 SF
Asset Type
Retail
Closing
Oct 29, 2021
About this deal
AI
The retail property located at 54 West 39th Street in Bryant Park has been leased. The transaction was finalized on October 29, 2021. The property spans a total of 3,700 square feet and is situated in a prime location near Bryant Park.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: October 29, 2021
- Address: 54 West 39th Street
- Market: Bryant Park
- Tenant's Rep: Yoni Hadar - Meridian Retail Leasing
- Landlord's Rep: James Famularo - Meridian Retail Leasing
- Asking Rent: $97/ft.
The leasing deal was facilitated by Yoni Hadar from Meridian Retail Leasing, acting as the tenant's representative, and James Famularo, also from Meridian Retail Leasing, representing the landlord. The leasing agreement was reached at an asking rent of $97 per square foot.
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Retail
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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