facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

56 W 22nd St, New York, NY ...

Sharma Brands Leases Retail Space At 56 West 22nd Street In Flatiron District
LEASEDRetail

Sharma Brands Leases Retail Space At 56 West 22nd Street In Flatiron District

56 W 22nd St, New York, NY 10010

$82

$82/SF

Building Size

5,508 SF

Asset Type

Retail

Closing

Nov 29, 2022

AI

The retail property located at 56 West 22nd Street in the Flatiron District has been leased by Kaufman Organization to Sharma Brands. The lease was facilitated by brokers Brett Maslin and Jack Tobin from Adams & Company. The property spans 5,508 square feet with an asking rent of $82 per square foot. The lease terms are set for a five-year deal.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 56 West 22nd Street
  • Market: Flatiron District
  • Asset Type: Retail
  • Landlord: Kaufman Organization
  • Tenant: Sharma Brands
  • Brokers: Brett Maslin & Jack Tobin - Adams & Company
  • Asking Rent: $82/ft. ~ SF: 5,508
  • Lease Terms: Five-year deal

The lease deal for the retail property on 56 West 22nd Street in the Flatiron District was successfully negotiated by brokers Brett Maslin and Jack Tobin from Adams & Company, representing Sharma Brands as the tenant. No additional information was provided about the transaction.

Players

Brett Maslin

Broker

7 deals

Broker
Kaufman Organization
Kaufman OrganizationBrokerage
Kaufman Organization
Kaufman OrganizationLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

193451.22%

Cash-on-Cash

-55288.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93