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1330 Sixth Avenue

Delmonico’s Prime Signs Lease At 1330 Sixth Avenue In Midtown Manhattan With Landlords Kevin Nassimi & Michael Hakakian
LEASEDRetail

Delmonico’s Prime Signs Lease At 1330 Sixth Avenue In Midtown Manhattan With Landlords Kevin Nassimi & Michael Hakakian

1330 Sixth Avenue

$200

$200/SF

Building Size

11,735 SF

Asset Type

Retail

Closing

Jan 31, 2026

AI

The property asset involved in the transaction is located at 1330 Sixth Avenue in the Midtown Manhattan market. It pertains to a retail space with a total square footage of 11,735. The lease type for this asset is a Modified Gross Lease, with an asking rent of $200 per square foot.

Summary of transaction details:

The transaction involves key representatives from Newmark, where Andrew Stern, Ross Berkowitz, Julia Singer, and Gabriel Staab represent the interests of the landlords. Adam Weinblatt and Jeremy Tucker serve as the representatives for the tenant in the lease agreement.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93