Host Restaurants Leases Retail Space At 161 8th Avenue In New York From Sidney Rubell Co
161 8th Avenue
$225
$225/SF
Building Size
4,100 SF
Asset Type
Retail
Closing
Feb 25, 2025
AI
The property involved in this lease transaction is a retail asset located at 161 8th Avenue in New York. It offers a total square footage of 4,100 and has a rent rate of $225 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 161 8th Avenue
- Market: New York
- Tenant: Host Restaurants
- Landlord: Sidney Rubell Co
- Rent/SF: $225
- Square Feet: 4,100
Key individuals involved in this transaction include Host Restaurants as the tenant and Sidney Rubell Co as the landlord. This lease was executed on February 25, 2025, representing both parties in this deal.
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
70502.22%
Cash-on-Cash
-20149.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93