Joshua Kaufman Of Bluestar Properties Inc. Arranges Lease For Pasta By Hudson At 180 7th Avenue In Chelsea
180 7th Ave, New York, NY 10011, USA
Building Size
500 SF
Asset Type
Retail
Closing
Aug 31, 2020
About this deal
AI
Pasta By Hudson, a retail establishment, has secured a lease for a 500-square-foot space located at 180 7th Avenue in Chelsea. The tenant will be paying an asking rent of $225 per square foot. The deal was negotiated by Joshua Kaufman, Director at Bluestar Properties Inc., who represented the tenant. The landlord, Jeff Pikus, was also involved in the transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 180 7th Avenue
- Market: Chelsea
- Asking Rent: $225/ft.
- Tenant: Pasta By Hudson
- Landlord: Jeff Pikus
- Broker: Joshua Kaufman - Bluestar Properties Inc.
Additionally, it is worth noting that Joshua Kaufman worked with Shark Tank star Brandon Fay, along with investors Mark Cuban and Lori Greiner, to place Fay and his new Seventh Avenue location. Pasta By Hudson is actively seeking turnkey opportunities throughout the New York metro area.
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Retail
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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