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1435 Lexington Avenue

David Hemenway Leases Retail Space To Max Chess Academy In Carnegie Hill At $160/ft
LEASEDRetail

David Hemenway Leases Retail Space To Max Chess Academy In Carnegie Hill At $160/ft

1435 Lexington Avenue

$160

$160/SF

Building Size

600 SF

Asset Type

Retail

Closing

Feb 2, 2026

AI

The property involved in this lease transaction is located at 1435 Lexington Avenue in the Carnegie Hill market. It is classified as retail space with a size of 600 square feet. The asking rent for the property is set at $160 per square foot. This lease is categorized as a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $160/ft
  • Square Footage: 600 SF
  • Address: 1435 Lexington Avenue
  • Market: Carnegie Hill
  • Landlord: David Hemenway
  • Tenant: Max Chess Academy
  • Landlord's Rep: Bobby Ortense, Max Freudenberger & Aaron Harounian - Meridian Capital Group
  • Tenant's Rep: Claude Kolb - Lee & Associate
  • Lease Type: Single Net Lease

This lease transaction features key individuals and companies including David Hemenway as the landlord and Max Chess Academy as the tenant. The representatives for the landlord are Bobby Ortense, Max Freudenberger, and Aaron Harounian from Meridian Capital Group, while the tenant is represented by Claude Kolb from Lee & Associate.

Players

Claude Kolb

Lee & Associates

Broker

40 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

99143.75%

Cash-on-Cash

-28335.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93