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:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1330 Sixth Avenue
- Market: Midtown Manhattan
- Landlord: Kevin Nassimi & Michael Hakakian
- Tenant: Delmonico’s Prime
- Landlord's Representative: Andrew Stern, Ross Berkowitz, Julia Singer & Gabriel Staab - Newmark
- Tenant's Representative: Adam Weinblatt & Jeremy Tucker - Newmark
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
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