Hero Champ Leases Retail Space At 211 7th Avenue, Chelsea By William Gotlieb
211 7th Avenue
$200
$200/SF
Building Size
850 SF
Asset Type
Retail
Closing
Mar 5, 2024
AI
The property at 211 7th Avenue is a retail space located in Chelsea, Manhattan. The lease for this property was completed on 03/05/2024, involving a transaction between Landlord William Gotlieb and Tenant Hero Champ. The asset spans 850 square feet with an asking rent of $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Brokers: Benjamin Namdar from Avenue Realty Advisors, Amanda Lagowitz, and Lee Block from Winick Realty Group
In this transaction, the tenant, Hero Champ, was represented by ARA. On the other hand, the landlord, William Gotlieb, was represented by Lee Block & Amanda Lagowitz from Winick Realty Group. The leasing specialists at ARA facilitated the deal and are open to assisting other owners or tenants in similar real estate endeavors.
Players
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93