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25 West 39th Street

Updated Sep 2, 2026

LEASEDRetail

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:

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.

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Retail

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Players

Brad Schwarz

Lee & Associates

Broker

$18.2M

vol

11 deals

Broker
Century Cricket Centre
Century Cricket CentreBuyer
Thor Equities
Thor EquitiesLandlord
Bilt advertisement

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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

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