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
About this deal
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.
On the Map
Retail
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Players
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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