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229 Ninth Avenue

David Golden Leases Mixed-Use Space At 229 Ninth Avenue To Tint Nail Studio For $126/ft
LEASEDMixed-use

David Golden Leases Mixed-Use Space At 229 Ninth Avenue To Tint Nail Studio For $126/ft

229 Ninth Avenue

$15,000

$15,000/SF

Building Size

1,354 SF

Asset Type

Mixed-use

Closing

Apr 13, 2026

AI

The property involved in this transaction is a mixed-use asset located at 229 Ninth Avenue in Chelsea. The asking rent for this space was set at $126 per square foot for a total of 950 square feet. The lease term agreed upon is 10 years, under a modified gross lease structure.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $126/ft
  • Square Footage: 950
  • Address: 229 Ninth Avenue
  • Market: Chelsea
  • Landlord: David Golden
  • Tenant: Tint Nail Studio
  • Landlord's Representative: Brandon Miller, Jeff Jacobson & David Abrams - Masonre
  • Tenant's Representative: Michael Elkharrat & Fredy Halabi - Tri State Commercial Realty
  • Lease Term: 10 years
  • Lease Type: Modified Gross Lease

This lease transaction involved key individuals including the landlord, David Golden, and the tenant, Tint Nail Studio. The negotiations were facilitated by representatives from both parties, with Brandon Miller, Jeff Jacobson, and David Abrams representing the landlord, while Michael Elkharrat and Fredy Halabi represented the tenant. The collaboration between these representatives was essential in finalizing the lease agreement.

Players

Fredy Halabi

Tri State Commercial Realty

Broker

$8.3M

vol

14 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

1057.53%

Cash-on-Cash

-302.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93