Meridian Capital Group Brokers Lease Deal At 354 West 44th Street In New York
354 West 44th Street, New York City, New York 10036, United States
$90
$90/SF
Building Size
800 SF
Asset Type
Retail
Closing
Jan 27, 2023
About this deal
AI
Meridian Capital Group's James Famularo and Evan Roteman have successfully facilitated a lease transaction for a retail space located at 354 West 44th Street in New York. The deal was closed on January 27, 2023, with the property being leased as a mezzanine unit.
Summary of transaction details
- Property Type: Retail
- Address: 354 West 44th Street (Mezzanine), New York
- Market: New York
The landlord of the property is Josh Einhorn. Representing the deal were James Famularo and Evan Roteman from Meridian Capital Group. The transaction garnered significant attention in the market, as the leasing agreement for the 800 square-foot space commanded an asking rent of $90 per square foot.
It is worth noting that Meridian Retail Leasing, a division of Meridian Capital Group, announced its plans to expand its team by hiring brokers for vacant positions. Interested individuals were encouraged to apply for the Winter Class of 2023 MRL Training Program. For more information or to apply, interested parties could reach out via email at [email protected] or through direct messages on Instagram to @meridian_retail_leasing.
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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93