Chelsea Organic Leases Retail Space In Chelsea With Ori Melloul, David Green, Andrew Schulman & Ryan Schimel As Brokers
154 7th Avenue, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Mar 24, 2021
About this deal
AI
The retail property located at 154 7th Avenue in Chelsea has been leased. The transaction took place on 03/25/2021.
Summary of transaction details
- Property Type: Retail
- Address: 154 7th Avenue, Chelsea
- Market: Chelsea
- Tenant: Chelsea Organic 🌽 🌶 🍎
- Landlord: Midwood Properties
Ori Melloul and David Green represented the tenant, Chelsea Organic 🌽 🌶 🍎, in the deal. Assin Sabbagh Realty, along with Andrew Schulman and Ryan Schimel from Capricorn Retail Advisors, served as the brokers representing the landlord, Midwood Properties.
The asking rent for the 1,000 square feet retail space was $180 per square foot.
On the Map
Retail
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Players
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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