Century Cricket Centre Signs 15-Year Lease For 14,000 Square Feet At 25 West 39th Street
25 West 39th Street
Building Size
14,000 SF
Asset Type
Retail
Closing
Sep 1, 2026
About this deal
AI
The asset is located at 25 West 39th Street in Manhattan, comprising a retail space of 14,000 square feet. The property has been leased to Century Cricket Centre for a duration of 15 years, which will serve as its first location in the U.S., situated one block south of Bryant Park.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 25 West 39th Street
- Market: Manhattan
- Landlord: Joseph J. Sitt - Thor Equities
- Tenant: Century Cricket Centre
- Landlord's Representative: Thomas Capuano - Okada & Company
- Tenant's Representatives: Josh Lebowitz & Brad Schwarz - Lee & Associates
This lease marks a significant entry for Australia-based Century Cricket Centre into the U.S. market, taking advantage of a prominent retail location managed by Thor Equities, which is known for its strategic property positions in Manhattan.
Players
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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