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:
- Property Type: Retail
- Date: August 2, 2021
- Address: 153 8th Ave
- Market: Chelsea
- Tenant: Mad For Chicken
- Landlord: Jeff Bogino
- Tenant's Representative: Daniel Kestenbaum & David Green
- Landlord's Representative: Peter Whitenack & Tyler King
- Asking Rent: $155 per square foot
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
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