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601 W 57th St, New York, NY...

I Love Kickboxing Leases 2551 Square Feet At 601 W 57th St New York From Durst Organization
LEASEDRetail

I Love Kickboxing Leases 2551 Square Feet At 601 W 57th St New York From Durst Organization

601 W 57th St, New York, NY, 10019

Building Size

2,551 SF

Asset Type

Retail

Closing

Dec 3, 2018

AI

The property located at 601 W 57th St, New York, NY, 10019, is a leased commercial space totaling 2,551 square feet. It is situated in the New York market and is occupied by the tenant I Love Kickboxing, under the ownership of the landlord Durst Organization.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 601 W 57th St, New York, NY, 10019
  • Square Feet: 2,551
  • Landlord: Durst Organization
  • Tenant: I Love Kickboxing
  • Tenant's Rep: Jeff Hersh - Prime Manhattan Realty

Jeff Hersh of Prime Manhattan Realty represented the tenant, I Love Kickboxing, in this transaction with the landlord, Durst Organization. The deal signifies a strategic partnership between an established fitness brand and a prominent property owner in New York City.

Players

Jeff Hersh

Prime Manhattan Realty

Broker

1 deal

Broker
Durst Organization
Durst OrganizationBrokerage
Durst Organization
Durst OrganizationLandlord

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