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Y7 Studio Bryant Park, 54 W...

Meridian Retail Leasing Acquires Retail Space In Bryant Park, NY
LEASEDRetail

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

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

367 deals

Broker

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