facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

6 East 46th Street, Manhatt...

New Ambassador Luggage Leases Retail Space In Midtown Manhattan
LEASEDRetail

New Ambassador Luggage Leases Retail Space In Midtown Manhattan

6 East 46th Street, Manhattan, New York, NY 10017, USA

Building Size

2,200 SF

Asset Type

Retail

Closing

Oct 20, 2021

AI

Located in Midtown, the retail property at 6 East 46th Street has recently been leased. The transaction took place on October 20, 2021, and involved the tenant, New Ambassador Luggage, securing the space. The property, spanning approximately 2,200 square feet, was represented by brokers David Green, Ike Bibi, and Ori Meloul from KSR. The asking rent for the lease was $120 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: October 20, 2021
  • Address: 6 East 46th Street
  • Market: Midtown
  • Landlord: Nationwide Management - Robert Fisher
  • Tenant: New Ambassador Luggage 🧳
  • Brokers: David Green, Ike Bibi, and Ori Meloul - KSR
  • Asking Rent: $120/ft.
  • Square Footage: 2,200

The lease at 6 East 46th Street was facilitated with the assistance of brokers David Green, Ike Bibi, and Ori Meloul from KSR. The property's landlord, Nationwide Management, was represented by Robert Fisher. New Ambassador Luggage, the tenant, successfully secured the retail space for their operations. With an asking rent of $120 per square foot, this transaction showcases the vibrant retail market in Midtown.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
Robert Fisher

Robert Fisher

The Feil Organization

Landlord

18 deals

Landlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93