Bar Soleil Signs 10 Year Lease At 166 8th Avenue Chelsea Represented By Leviathan Leasing
166 8th Avenue
$120
$120/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
May 11, 2025
AI
The property asset involved in the transaction is a retail space located at 166 8th Avenue in Chelsea, Manhattan. The asking rent for this space is $120 per square foot with a total area of 2,500 square feet. The lease term agreed upon is ten years, structured as a modified gross lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Address: 166 8th Avenue
- Market: Chelsea, Manhattan
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Jay Schwimmer
- Tenant: Bar Soleil
- Landlord's Representative: Alan Napack
- Tenant's Representatives: Elie Cohen - Leviathan Leasing, Yaron Cohen, Daniel Cohen - Leviathan Capital
In this transaction, Jay Schwimmer serves as the landlord while Bar Soleil is the tenant. Alan Napack represents the landlord in this lease agreement, whereas the tenant is represented by Elie Cohen from Leviathan Leasing, along with Yaron Cohen and Daniel Cohen from Leviathan Capital.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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