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154 7th Ave, New York, NY, ...

Ikinari Steak Leases 2200 Square Feet At 154 7th Ave New York With Kenji Asazuma As Representative
LEASEDRetail

Ikinari Steak Leases 2200 Square Feet At 154 7th Ave New York With Kenji Asazuma As Representative

154 7th Ave, New York, NY, 10011

Building Size

2,200 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The lease transaction involves a property located at 154 7th Ave, New York, NY, within the New York market. The leased space encompasses 2,200 square feet. The landlord in this transaction is Renatus Group, while the tenant is Ikinari Steak.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 154 7th Ave, New York, NY, 10011
  • Market: New York
  • Square Feet: 2200
  • Tenant: Ikinari Steak
  • Landlord: Renatus Group
  • Tenant's Representative: Kenji Asazuma - Starts New York Realty
  • Landlord's Representative: Jeremy Modest - Ripco

Kenji Asazuma represents the tenant, Ikinari Steak, facilitating the lease agreement. Jeremy Modest acts as the landlord's representative, representing Renatus Group in this transaction.

Players

Jeremy Modest

Ripco

Broker

7 deals

Broker
RG
Renatus GroupLandlord

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