RANGOON Signs Lease Agreement For Retail Space At 158 8th Avenue In Chelsea
158 8th Avenue, Manhattan, New York, NY 10011, USA
Building Size
2,200 SF
Asset Type
Retail
Closing
Jul 9, 2020
About this deal
AI
The retail property located at 158 8th Avenue in Chelsea has been leased. The tenant, RANGOON, has entered into a lease agreement with the landlord, Devli Group. The leasing transaction was facilitated by brokers Carolina Aziz, David Green, Maddy Soffer, and Daniel Kestenbaum from Kassin Sabbagh Realty.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $150/ft
- Square Footage: 2,200
- Date of Transaction: 07/09/2021
- Market: Chelsea
- Tenant: RANGOON
- Landlord: Devli Group
- Brokers: Carolina Aziz, David Green, Maddy Soffer, and Daniel Kestenbaum from Kassin Sabbagh Realty
The leasing deal for the retail property at 158 8th Avenue in Chelsea was successfully concluded with the involvement of various individuals and companies. The tenant, RANGOON, secured the lease agreement with the landlord, Devli Group. The transaction was brokered by Carolina Aziz, David Green, Maddy Soffer, and Daniel Kestenbaum from Kassin Sabbagh Realty.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New York retail leases on Traded.
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