OrangeTheory Fitness Leases Retail Space At 70 W. 93rd St. On The Upper West Side With Landlord Stellar Management And Brokers Albert Halawani, Albert Manopla, And Kristen Crossman BRE
70 West 93rd Street, New York, NY 10025
Building Size
3,600 SF
Asset Type
Retail
Closing
Jun 7, 2021
AI
OrangeTheory Fitness has leased a retail space at 70 W. 93rd St. in the Upper West Side market. The property, spanning 3,600 square feet, was leased from the landlord, Stellar Management. The asking rent for the space was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 70 W. 93rd St.
- Market: Upper West Side
The deal was brokered by Albert Halawani and Albert Manopla from assin_Sabbagh_Realty, along with Kristen Crossman from BRE.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93