Imre Kohn Leases Retail Space To 6R Hospitality At 142 7th Avenue South For $121/ft
142 7th Avenue South
$121
$121/SF
Building Size
1,042 SF
Asset Type
Retail
Closing
Apr 3, 2025
AI
The property asset involved in the transaction is a retail space located at 142 7th Avenue South in the West Village market. The asset spans a total of 1,042 square feet and is under a modified gross lease agreement. The asking rent for this space is set at $121 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $121/ft
- Square Footage: 1,042
- Address: 142 7th Avenue South
- Market: West Village
- Landlord: Imre Kohn
- Tenant: 6R Hospitality
- Landlord's Representative: Robin Abrams & Nicolas Nick Zilkha - Compass
- Tenant's Representative: Eli Marcus - Meridian Capital Group
- Lease Type: Modified Gross Lease
The transaction includes key individuals such as Imre Kohn acting as the landlord and 6R Hospitality as the tenant. Robin Abrams and Nicolas Nick Zilkha represent the landlord through Compass, while Eli Marcus from Meridian Capital Group represents the tenant in this 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
131099.17%
Cash-on-Cash
-37468.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93