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144 10th Avenue, New York C...

Drip Bar LLC Leases Retail Space At 144 Tenth Avenue In Chelsea
LEASEDRetail

Drip Bar LLC Leases Retail Space At 144 Tenth Avenue In Chelsea

144 10th Avenue, New York City, New York 10036, United States

Building Size

1,200 SF

Asset Type

Retail

Closing

Jul 5, 2022

AI

A retail space located at 144 Tenth Avenue in Chelsea has been leased. The property, situated at the intersection of West 19th Street, is owned by the landlord represented by Rafe Evans from Walker Malloy. The tenant, Drip Bar LLC, secured the lease through the representation of Andrew Ingber from Meridian Retail Leasing. The space spans across 1,200 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 144 Tenth Avenue (456 West 19th Street)
  • Market: Chelsea

This lease transaction was facilitated by Andrew Ingber, who acted as the tenant's representative from Meridian Retail Leasing, and Rafe Evans, who represented the landlord on behalf of Walker Malloy.

Players

Andrew Ingber

Meridian Capital Group

Broker

22 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93