Beyond Sushi NYC Signs Lease At 199 Eighth Avenue In Chelsea With Landlord Daniel Group
199 8th Avenue, Brooklyn, NY 11215
Building Size
1,300 SF
Asset Type
Mixed-use
Closing
Nov 12, 2020
AI
A mixed-use property located at 199 Eighth Avenue in Chelsea has been leased. The transaction was finalized on 11/13/2020. The property, spanning approximately 1,300 square feet, was leased by @BeyondSushiNYC. The landlord for this lease is Daniel Group.
Summary of transaction details:
- Property Type: Mixed-use
- Asking Rent: $65 per square foot
The lease deal was facilitated by the brokers Yaron Cohen, Zacharia Setton, and Ariel Baradarian from Kassin Sabbagh Realty, as well as Michael Gammal from Leviathan Leasing.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93