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150 10th Avenue

Gotham Leases Retail Space At 150 10th Avenue In West Chelsea For $100/ft
LEASEDRetail

Gotham Leases Retail Space At 150 10th Avenue In West Chelsea For $100/ft

150 10th Avenue

$100

$100/SF

Building Size

8,007 SF

Asset Type

Retail

Closing

Jul 19, 2024

AI

The property asset involved in this transaction is located at 150 10th Avenue in the West Chelsea market. It is categorized as retail space with a total square footage of 8,007. The asking rent for the property is $100 per square foot under a Modified Gross Lease.

Summary of transaction details:

Key individuals involved in this transaction include Andrew Taub, Andrew Stern, and Ross Berkowitz representing the landlord through Newmark, while Gregory Tannor and Jessica Gerstein represented the tenant, Gotham, through Lee & Associates. This partnership illustrates the collaborative effort between brokers in finalizing the lease agreement.

Players

Andrew Stern

Newmark

Broker

$5.4M

vol

76 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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93