Industrious Office Leases 18000 SF Retail Space At 9 Times Square With Brokers Solomon Sharaby & Ezra Falack
9 Times Square
$60
$60/SF
Building Size
18,000 SF
Asset Type
Retail
Closing
Jun 8, 2025
AI
This retail lease transaction involves an asset located at 9 Times Square - 200 E 41st St in the Times Square market. The tenant, Industrious Office, has secured a lease with an asking rent of $60 per square foot for a total space of 18,000 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Address: 9 Times Square - 200 E 41st St
- Market: Times Square
- Sf: 18,000
- Lease Type: Retail Lease
- Tenant: Industrious Office
- Brokers: Solomon Sharaby & Ezra Falack - KSR
Solomon Sharaby and Ezra Falack from KSR represent the leasing deal for the tenant, Industrious Office. Their involvement highlights the professional relationship and brokerage expertise brought to this transaction.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93