Manhattan Dog Club Leases Retail Space At 156 10th Avenue From The Hakimian Organization
156 10th Avenue
$120
$120/SF
Building Size
3,100 SF
Asset Type
Retail
Closing
Jan 21, 2025
AI
The transaction involves a retail asset located at 156 10th Avenue in Chelsea, Manhattan. The property encompasses a total of 2,300 square feet and has an asking rent of $146 per foot. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $146/ft
- Address: 156 10th Avenue
- Market: Chelsea, Manhattan
- Landlord: The Hakimian Organization
- Tenant: Manhattan Dog Club
- Brokers: Sherry Chera & Chandler Slate - Tri State Commercial Realty
- Lease Type: Modified Gross Lease
Sherry Chera and Chandler Slate acted as the brokers in this transaction, representing the parties involved. The lease arrangement was established between The Hakimian Organization and Manhattan Dog Club in a strategic location for retail operations.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93