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
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