facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

354 West 44th Street, New Y...

Updated Sep 5, 2024

Meridian Capital Group Brokers Lease Deal At 354 West 44th Street In New York
LEASEDRetail

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

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Deal FAQ

About $90 per square foot on a published $90 for 800 square feet (2023).

Visit Evan Roteman to view all their deals.

Browse New York retail leases on Traded.

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

More Deals

Nearby Markets