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153 8th Ave, Manhattan, New...

Mad For Chicken Leases Retail Space On 153 8th Ave In Chelsea
LEASEDRetail

Mad For Chicken Leases Retail Space On 153 8th Ave In Chelsea

153 8th Ave, Manhattan, New York, NY, USA

Building Size

1,405 SF

Asset Type

Retail

Closing

Aug 2, 2021

AI

A retail property located at 153 8th Ave in Chelsea has been leased. The transaction took place on August 2, 2021. The property is approximately 1,405 square feet in size and the asking rent was $155 per square foot.

Summary of transaction details:

The tenant, Mad For Chicken, was represented by Daniel Kestenbaum and David Green from Kassin Sabbagh Realty. On the other hand, the landlord, Jeff Bogino, was represented by Peter Whitenack and Tyler King.

Players

Daniel Kestenbaum

Kassin Sabbagh Realty

Broker

23 deals

Broker

Jeff Bogino

Landlord

$7.6M

vol

2 deals

Landlord

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