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Xinyuan Development Leases Development Site In Hells Kitchen To Diamond Braces & Bond Vet

Property Image
LEASED
Dustin Stolly
Daniel (Dan) Kestenbaum
+ 3

New York

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8,272 SF
Leased 10/31/2020
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Property Image
LEASED

Xinyuan Development Leases Development Site In Hells Kitchen To Diamond Braces & Bond Vet

615 10th Avenue & 615 10th Avenue, Manhattan, New York, NY, USA

See Similar Deals
8,272 SF
Leased 10/31/2020
Dustin Stolly
Daniel (Dan) Kestenbaum
+ 3
Contact now

Summary

NEW YORK
Price Per Square Foot:$0
Total Square Footage:8,272 SF
Transaction Type:Lease

A development site located at 615 10th Avenue in Hells Kitchen has been leased. The property is owned by Xinyuan Development and consists of a total of 4,136 square feet. The tenants for this site are Diamond Braces and Bond Vet.

Summary of transaction details

  • Property Type: Development Site
  • Address: 615 10th Avenue
  • Market: Hells Kitchen
  • Tenants: Diamond Braces & Bond Vet

The deal was facilitated by the brokers David Green and Daniel Kestenbaum from KSR, along with Cassie Durand from CBRE. The asking rent for the lease was set at $130-140 per square foot.

Players

Daniel (Dan) Kestenbaum
23 deals(347) 204-4935
BROKER

Dustin Stolly
Walker & Dunlop
264 deals$49.1B volume
BROKER

Daniel Fromm
Newmark
82 deals$5.3B volume
BROKER

David Green
Kassin Sabbagh Realty
176 deals$447M volume(516) 320-0260
BROKER

Cassie Durand
CBRE
5 deals
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

Criterion Real Estate Capital
LENDER

Details

LEASED
IMAGE: David Green, Daniel Kestenbaum DATE: 11/01/2020 ADDRESS: 615 10th Avenue MARKET: Hells Kitchen ASSET TYPE: Development Site TENANTS: Diamond Braces & Bond Vet LANDLORD: Xinyuan Development BROKERS: David Green, Daniel Kestenbaum - KSR & Cassie Durand - CBRE ASKING RENT: $130-140/ft. ~ SF: 4,136

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Deal Type
Effective Rent (Annual)

$474,146.05

Total Lease Value

$4,741,460.48

Net Landlord Cash Flow$474,146.05