SocialAlchemy Leases Retail Space At 545 West 45th Street From Gabriel And Co For $40/ft
545 West 45th Street
$40
$40/SF
Building Size
800 SF
Asset Type
Retail
Closing
Nov 14, 2025
About this deal
AI
The retail asset located at 545 West 45th Street in Hell's Kitchen has been leased to SocialAlchemy. The property encompasses a total area of 800 square feet and the asking rent was set at $40 per square foot under a Single Net Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40/ft
- Address: 545 West 45th Street
- Market: Hell's Kitchen
- Asset Size: 800 SF
- Lease Type: Single Net Lease
- Landlord: Gabriel and Co
- Tenant: SocialAlchemy
- Brokers: Bobby Ortense & Joaquin Carrillo - Meridian Capital Group
Gabriel and Co acted as the landlord in this leasing transaction while SocialAlchemy secured the lease as the tenant. Bobby Ortense and Joaquin Carrillo represented the tenant through Meridian Capital Group, facilitating the agreement.
On the Map
$40
$40/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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93