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499 10th Avenue

Honey Nails Leases 1,800 SF Mixed-use Space At 499 10th Avenue In Hudson Yards
LEASEDMixed-use

Honey Nails Leases 1,800 SF Mixed-use Space At 499 10th Avenue In Hudson Yards

499 10th Avenue

$100

$100/SF

Building Size

1,800 SF

Asset Type

Mixed-use

Closing

Aug 27, 2024

AI

The property involved in this transaction is a mixed-use asset located at 499 10th Avenue in the Hudson Yards market. The asking rent for the space is set at $100 per square foot, with a total square footage of 1,800. The lease type is specified as a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $180,000
  • Address: 499 10th Avenue
  • Market: Hudson Yards
  • Landlord: TF Cornerstone
  • Tenant: Honey Nails
  • Landlord's Representative: Thomas Galo, Daniyel Cohen & Steven E. Baker - Winick Realty Group
  • Tenant's Representative: Eddie Mamiye - MOD Commercial Realty

The transaction is notable for involving key representatives from both the landlord and tenant sides. The landlord is represented by a team from Winick Realty Group, while MOD Commercial Realty's Eddie Mamiye represents Honey Nails in the deal.

Players

Eddie Mamiye

Broker

$1.4M

vol

46 deals

Broker

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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93