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
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
193451.22%
Cash-on-Cash
-55288.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93