Qaiser Enterprise Signs Lease For Retail Property At 55 West 28th Street In Nomad
55 W 28th St, New York, NY 10001, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Jul 26, 2020
AI
A retail property located at 55 West 28th Street in the Nomad neighborhood has recently been leased. The property spans 1,500 square feet and was represented by Meridian Capital Group in the transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
The tenant, Qaiser Enterprise, entered into the lease agreement with the landlord, Time Century Holdings, which is owned by Yair Levy. Both the landlord and tenant were represented by Kevin Bisconti and James Famularo from Meridian Capital Group.
No additional details about the lease agreement or the involvement of the brokers were provided.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93