Pasta De Pasta Signs 10 Year Lease At 673 9th Avenue With Landlord Pioneer Management
673 9th Avenue
$167
$167/SF
Building Size
1,300 SF
Asset Type
MultiFamily
Closing
Nov 2, 2025
AI
The lease transaction involves a multifamily asset located at 673 9th Avenue in Hell's Kitchen, Manhattan. The asking rent for the space is $167 per square foot for a total of 1,300 square feet. The lease agreement is structured as a modified gross lease with a term of 10 years.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $167/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Pioneer Management
- Tenant: Pasta De Pasta
- Broker: Isaac Abed - Momentum Realty Group
Isaac Abed from Momentum Realty Group represents the landlord, Pioneer Management, in this lease transaction, facilitating the expansion of Pasta De Pasta. The broker provides services in leasing and site selection to both landlords and tenants.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
94988.02%
Cash-on-Cash
-27147.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93