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805 Ninth Avenue

LEASEDRetail

Hand Hospitality Leases Retail Space At 805 Ninth Avenue In New York With Landlord's Rep James Famularo And Tenant's Rep Junho Choi

805 Ninth Avenue

$150

$150/SF

Building Size

1,850 SF

Asset Type

Retail

Closing

Nov 14, 2022

AI

Hand Hospitality has signed a lease for a retail space located at 805 Ninth Avenue in New York. The property spans 1,850 square feet and the asking rent was set at $150 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 805 Ninth Avenue
  • Market: New York
  • Tenant: Hand Hospitality
  • Asking Rent: $150 per square foot

The lease agreement was facilitated by James Famularo of Meridian Retail Leasing, who represented the landlord. Junho Choi of Oxford Property Group acted as the tenant's representative.

Players

HH
Hand HospitalityTenant

Cleveland 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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93