Albert Halawani - KSR Represents Day Days In Leasing Retail Space At 625 West 57th Street Hell's Kitchen. Landlord: Durst Organization
625 West 57th Street, New York City, New York 10019, United States
Building Size
4,000 SF
Asset Type
Retail
Closing
Dec 1, 2021
About this deal
AI
A retail space located at 625 West 57th Street in Hell's Kitchen was recently leased. The property, measuring 4,000 square feet, was rented out by the Durst Organization to the tenant Day Days. The lease deal was facilitated by Albert Halawani from KSR, who represented the tenant as the broker.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not available
- Asking Rent: $75 per square foot
The leased retail space at 625 West 57th Street offers an opportunity for Day Days to establish their business in Hell's Kitchen. The deal was successfully negotiated by Albert Halawani from KSR, providing support to the tenant throughout the leasing process.
Players
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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