West Pier Market Leases Retail Space On 649 West 42nd Street In Hell's Kitchen
649 W 42nd StNew York, NY 10036, USA
$80
$80/SF
Building Size
3,700 SF
Asset Type
Retail
Closing
Jun 5, 2023
AI
The retail property located at 649 West 42nd Street in Hell's Kitchen has been leased. The property, spanning 3,700 square feet, was leased by West Pier Market. The landlord of the property is The Moinian Group. The deal was facilitated by David Green and Matthew Fogel from KSR.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 649 West 42nd Street
- Market: Hell's Kitchen
- Tenant: West Pier Market
- Landlord: The Moinian Group
- Brokers: David Green & Matthew Fogel - KSR
- Asking Rent: $80/ft
- Square Footage: 3,700
David Green and Matthew Fogel from KSR played a crucial role in facilitating the lease deal for the retail property at 649 West 42nd Street. West Pier Market will now operate in this space, under the landlord, The Moinian Group.
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93