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
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