VanMoof Leases Retail Space At 8 West 37th Street In Midtown Manhattan
8 West 37th Street
$100
$100/SF
Building Size
2,300 SF
Asset Type
Retail
Closing
Mar 14, 2024
AI
The retail property at 8 West 37th Street in Midtown Manhattan has been leased. The asset spans 2,300 square feet with an asking rent of $100 per square foot. The deal involves the landlord Jack & Ray Yadidi and the tenant VanMoof. The transaction was facilitated by brokers Carolina Aziz, Ike Bibi, Brandon Berger, and Maddy Soffer from KSR.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 8 West 37th Street
- Market: Midtown Manhattan
- Landlord: Jack & Ray Yadidi
- Tenant: VanMoof
- Brokers: Carolina Aziz, Ike Bibi, Brandon Berger & Maddy Soffer - KSR
- Asking Rent: $100/ft
- Square Footage: 2,300
- Lease Type: Retail Lease
The team at KSR, comprising Carolina Aziz, Ike Bibi, Brandon Berger, and Maddy Soffer, played a pivotal role in the successful leasing of the retail space at 8 West 37th Street to VanMoof. This transaction marks a significant step for both the landlord, Jack & Ray Yadidi, and the tenant, VanMoof, as they forge a new business relationship in the vibrant Midtown Manhattan market.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93