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2050 Amsterdam Avenue

Jose Kechek Leases Retail Space At 2050 Amsterdam Avenue To Key Food With Brokers David Green Jacky Yedid Albert Halawani
LEASEDRetail

Jose Kechek Leases Retail Space At 2050 Amsterdam Avenue To Key Food With Brokers David Green Jacky Yedid Albert Halawani

2050 Amsterdam Avenue

$65

$65/SF

Building Size

21,000 SF

Asset Type

Retail

Closing

Dec 23, 2024

AI

The property asset involved in this transaction is located at 2050 Amsterdam Avenue, situated in the Washington Heights market. This is a retail property featuring a lease type identified as a Retail Lease. The asking rent for the space is set at $65 per square foot, which encompasses a total square footage of 21,000. The landlord for this property is Jose Kechek, and the tenant entered into the lease agreement is Key Food.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $65/ft
  • Square Footage: 21,000
  • Address: 2050 Amsterdam Avenue
  • Market: Washington Heights
  • Landlord: Jose Kechek
  • Tenant: Key Food
  • Brokers: David Green, Jacky Yedid & Albert Halawani - KSR
  • Lease Type: Retail Lease

The individuals involved in this transaction include brokers David Green, Jacky Yedid, and Albert Halawani, all representing the property through their association with KSR. Their role was crucial in facilitating the leasing agreement between the landlord and tenant.

Players

Albert Halawani

Kassin Sabbagh Realty

Broker

$445M

vol

49 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93