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180 7th Ave, New York, NY 1...

Joshua Kaufman Of Bluestar Properties Inc. Arranges Lease For Pasta By Hudson At 180 7th Avenue In Chelsea
LEASEDRetail

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

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.

Players

Joshua Kaufman

Bluestar Properties, Inc.

Broker

$31.9M

vol

11 deals

Broker
BP
Bluestar PropertiesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93