facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

211 7th Avenue

Hero Champ Leases Retail Space At 211 7th Avenue, Chelsea By William Gotlieb
LEASEDRetail

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:

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

Lee Block

RTL Real Estate

Broker

22 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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