Linda Hayes Leases 1,800 SF Retail Space To 6R Hospitality At 140 7th Avenue South
140 7th Avenue South
$177
$177/SF
Building Size
3,400 SF
Asset Type
Retail
Closing
Apr 1, 2025
About this deal
AI
The property involved in this transaction is a retail asset located at 140 7th Avenue South in the West Village market. The modified gross lease is valued at an asking rent of $177 per square foot for a total area of 1,800 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $177/ft
- Square Footage: 1,800
- Address: 140 7th Avenue South
- Market: West Village
- Landlord: Linda Hayes
- Tenant: 6R Hospitality
- Landlord's Representative: Robin Abrams & Nicolas Nick Zilkha - Compass
- Tenant's Representative: Eli Marcus - Meridian Capital Group
This deal involved key representatives from different agencies. Robin Abrams and Nicolas Nick Zilkha from Compass represented the landlord, while Eli Marcus from Meridian Capital Group represented the tenant in this transaction.
On the Map
$177
$177/SF
Retail
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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
89621.47%
Cash-on-Cash
-25614.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93