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6 West 24th Street New York...

Compagnie Des Vins Surnaturels Signs Lease For Retail & Office Space At 6 West 24th Street, Flatiron
LEASEDRetail

Compagnie Des Vins Surnaturels Signs Lease For Retail & Office Space At 6 West 24th Street, Flatiron

6 West 24th Street New York, New York 10010, USA

Building Size

5,400 SF

Asset Type

Retail

Closing

Jun 12, 2023

AI

Compagnie des Vins Surnaturels has signed a lease for a 3,600-square-foot restaurant space and an 1,800-square-foot office space at 6 West 24th Street in the Flatiron neighborhood. The property, located in a prime location in the Flatiron market, offers a total space of 5,400 square feet. With its unique characteristics and strategic location, this property is an ideal choice for Compagnie des Vins Surnaturels to establish its presence in the area.

Summary of transation details

  • Property Type: Retail & Office
  • Transaction Amount: Not specified
  • Address: 6 West 24th Street
  • Market: Flatiron
  • Square Footage: 5,400

In this lease transaction, Compagnie des Vins Surnaturels has been represented by Amie Claps from Easy Street Properties. Amie Claps has successfully negotiated a lease agreement for the restaurant and office spaces on behalf of the tenant. On the other side, Darrell Rubens from Newmark worked as the landlord's representative, ensuring a smooth transaction between the parties involved.

Players

Darrell Rubens

Newmark

Broker

10 deals

Broker

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