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
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