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
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