Barry Gottehrer Leases Retail Space To Kennedy Fried Chicken At 1502 Amsterdam Avenue
1502 Amsterdam Avenue
$50
$50/SF
Building Size
1,183 SF
Asset Type
Retail
Closing
Feb 18, 2025
About this deal
AI
This retail asset located at 1502 Amsterdam Avenue in the Manhattanville market has a lease type described as a Modified Gross Lease. The asking rent for the space, which measures 1,183 square feet, is set at $50 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $50/ft
- Square Footage: 1,183
- Address: 1502 Amsterdam Avenue
- Market: Manhattanville
- Landlord: Barry Gottehrer
- Tenant: Kennedy Fried Chicken
- Brokers: Noam Aziz, Dane Harlowe & Nathan Shabot - Meridian Capital Group
The lease transaction involves the representation of Barry Gottehrer by the brokerage team of Noam Aziz, Dane Harlowe, and Nathan Shabot from Meridian Capital Group, who facilitated the agreement with tenant Kennedy Fried Chicken.
On the Map
$50
$50/SF
Retail
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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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93