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193 7th Avenue

Haku Group Leases Retail Space At 193 7th Avenue In Chelsea, Manhattan
LEASEDRetail

Haku Group Leases Retail Space At 193 7th Avenue In Chelsea, Manhattan

193 7th Avenue

$175

$175/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Dec 7, 2023

AI

The retail property located at 193 7th Avenue in Chelsea, Manhattan has been leased. The asset spans a total of 3,000 square feet and was leased by the tenant, Haku Group. The landlord, Twin Oaks Equity Partners, facilitated the transaction. The brokers involved in the deal were Jordan Raphan, Nolan Weinberg, Joshua Berkun, Albert Halawani, and Matthew Fogel of KSR. The lease was secured at an asking rent of $175 per square foot.

Summary of transation details

  • Property Type: Retail
  • Tenant: Haku Group
  • Landlord: Twin Oaks Equity Partners
  • Brokers: Jordan Raphan, Nolan Weinberg, Joshua Berkun, Albert Halawani, and Matthew Fogel - KSR
  • Lease Rate: $175/ft
  • Square Footage: 3,000

It is worth noting that there is an additional 5,000 square feet available for lease, including a useable basement area of 3,000 square feet.

Players

Albert Halawani

Kassin Sabbagh Realty

Broker

$445M

vol

49 deals

Broker

Market 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

90645.71%

Cash-on-Cash

-25906.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93