Kyuramen Leases Retail Space At 40 Gold Street In Financial District For 10 Years
40 Gold Street
$70
$70/SF
Building Size
5,500 SF
Asset Type
Retail
Closing
Aug 1, 2024
AI
This retail asset is located at 40 Gold Street within the Financial District. The asking rent for this property is set at $70 per foot, encompassing a total area of 5,500 square feet. The lease agreement spans 10 years with an option, structured as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $70/ft
- Address: 40 Gold Street
- Market: Financial District
- Landlord: Werber Management
- Tenant: Kyuramen
- Landlord's Representative: Joshua Singer, Stephen Weber & Adam Heller - The Heller Organization
- Tenant's Representative: Elvan Chou - The Real Brokerage
- Lease Term: 10 year + option
- Lease Type: Modified Gross Lease
- Square Footage: 5,500 SF
The transaction involved multiple key players, including the landlord Werber Management and tenant Kyuramen. The representatives for the landlord were Joshua Singer, Stephen Weber, and Adam Heller from The Heller Organization, while Elvan Chou from The Real Brokerage represented the tenant in this agreement.
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93