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799 Sixth Avenue

Wali Wali York Souvenir Leases Retail Space In Chelsea At 799 Sixth Avenue
LEASEDRetail

Wali Wali York Souvenir Leases Retail Space In Chelsea At 799 Sixth Avenue

799 Sixth Avenue

$190

$190/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

May 1, 2023

AI

The retail property located at 799 Sixth Avenue in Chelsea has been leased. The total space available for lease is 1,200 square feet, with an asking rent of $190 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $190 per square foot
  • Square Footage: 1,200
  • Address: 799 Sixth Avenue
  • Market: Chelsea

Jason Laboz is the landlord of the property, while the tenant is Wali Wali York Souvenir. The lease deal was facilitated by brokers George Skaliarinis, Ike Bibi, and Solomon Tbeile from KSR.

Please note that no additional information regarding the transaction is available at this time.

Players

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker

Jason Laboz

United American Land

Landlord

$200.7M

vol

5 deals

Landlord

Market 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

83489.47%

Cash-on-Cash

-23861.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93