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673 9th Avenue

Pasta De Pasta Signs 10 Year Lease At 673 9th Avenue With Landlord Pioneer Management
LEASEDMultiFamily

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

Isaac Abed

Momentum Realty Group

Broker

$2M

vol

12 deals

Broker

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