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1792 Amsterdam Avenue

Crispin's Hell's Kitchen Signs Retail Lease In Hamilton Heights
LEASEDRetail

Crispin's Hell's Kitchen Signs Retail Lease In Hamilton Heights

1792 Amsterdam Avenue

$70

$70/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Dec 1, 2023

AI

The property involved in this lease transaction is a retail space located at 1792 Amsterdam Avenue in the Hamilton Heights market. The total square footage of the space is 1,200 square feet. The landlord, Elli Gibber, represented by 1792 Amsterdam GP, entered into a lease agreement with the tenant, Crispin's Hell's Kitchen. The lease was facilitated by Dane Harlowe, Daniel Rachline, and Alec Namdar from Meridian Capital Group. The asking rent for the space was $70 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 1792 Amsterdam Avenue
  • Market: Hamilton Heights
  • Landlord: Elli Gibber - 1792 Amsterdam GP
  • Tenant: Crispin's Hell's Kitchen
  • Brokers: Dane Harlowe, Daniel Rachline & Alec Namdar - Meridian Capital Group
  • Asking Rent: $70/ft
  • Square Footage: 1,200
  • Lease Type: Retail Lease

Dane Harlowe, Daniel Rachline, and Alec Namdar from Meridian Capital Group represented the tenant and landlord in this lease agreement for the retail space at 1792 Amsterdam Avenue. Their expertise and negotiation skills were crucial in facilitating the deal between Crispin's Hell's Kitchen and Elli Gibber - 1792 Amsterdam GP.

Players

Dane Harlowe

Meridian Capital Group

Broker

$1.8M

vol

68 deals

Broker

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93