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
Cleveland 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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93