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204 4th Avenue

Intuit Turbo Tax Leases 2,600 SF Retail Space In Gowanus From Avery Hall & Gindi Capital
LEASEDRetail

Intuit Turbo Tax Leases 2,600 SF Retail Space In Gowanus From Avery Hall & Gindi Capital

204 4th Avenue

$150

$150/SF

Building Size

2,600 SF

Asset Type

Retail

Closing

May 13, 2026

AI

The property asset involved in this transaction is located at 204 4th Avenue in the Gowanus market. It is a retail space with an asking rent of $150 per square foot and has a total square footage of 2,600. The lease type is a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $150/ft
  • Square Footage: 2,600
  • Address: 204 4th Avenue
  • Market: Gowanus
  • Landlord: Avery Hall & Gindi Capital
  • Landlord's Representative: Freddy Souid, Jack Hamadani & Darren Kassin - KSR
  • Tenant: Intuit Turbo Tax
  • Tenant's Representative: Michael Remer - JLL
  • Note from Landlord's Representative: We are pleased to have Intuit join Bank Of America & NY Sports Club in this building. We have additional space remaining.

This transaction features representation from KSR, with Freddy Souid, Jack Hamadani, and Darren Kassin representing the landlord, while Michael Remer from JLL represents the tenant. The collaboration highlights the efforts of both parties in securing this lease for Intuit Turbo Tax within a competitive retail environment.

Players

Jack Hamadani

Kassin Sabbagh Realty

Broker

46 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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93