Hyun_NYC Leases Retail Space In West Village For $100/ft
137 7th Ave S, Manhattan, New York, NY, USA
Building Size
3,100 SF
Asset Type
Retail
Closing
May 25, 2021
About this deal
AI
The retail property located at 137 7th Ave. South in West Village was recently leased. The transaction was finalized on 05/26/2021. The property is owned by Centennial Properties.
Summary of transation details
- Property Type: Retail
- Market: West Village
- Address: 137 7th Ave. South
The tenant for this lease is Hyun_NYC, known for their meat-based cuisine. The asking rent for the property was $100 per square foot, with a total square footage of 3,100. The leasing process was facilitated by brokers Logan Ryan and James Famularo, along with Ryan Chong from Meridian Retail Leasing.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93