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
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