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7 West 14th Street

Updated Nov 5, 2025

Uni K Wax Leases Retail Space At 7 West 14th Street In Flatiron District For 10 Years
LEASEDRetail

Uni K Wax Leases Retail Space At 7 West 14th Street In Flatiron District For 10 Years

7 West 14th Street

Building Size

999 SF

Asset Type

Retail

Closing

Sep 2, 2025

About this deal

AI

The property asset involved in this transaction is a retail space located at 7 West 14th Street in the Flatiron District. The lease was signed by tenant Uni K Wax, with a lease term of 10 years under a modified gross lease agreement. The asking rent for this space is $120 per square foot, encompassing a total area of 999 square feet. The landlord for this transaction is Century Management.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $120/ft
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Market: Flatiron District
  • Landlord: Century Management
  • Tenant: Uni K Wax
  • Landlord's Representative: Lydia Bell & Cole Stapleton - Tungsten Property
  • Tenant's Representative: Michael Elkharrat - Tri State Commercial Realty
  • Square Footage: 999

The deal involved Lydia Bell and Cole Stapleton representing Century Management, the landlord, while Michael Elkharrat represented Uni K Wax, the tenant. This collaboration ensured that both parties had guidance through the leasing process, facilitating a successful transaction in the competitive Flatiron District market.

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Players

Michael Elkharrat

Tri State Commercial Realty

Broker

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New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $120 per square foot for 999 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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