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
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