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27 West 125th Street

Chestnut Holdings Leases Retail Space At 27 West 125th Street, South Harlem, Manhattan To 7th Street Burger
LEASEDRetail

Chestnut Holdings Leases Retail Space At 27 West 125th Street, South Harlem, Manhattan To 7th Street Burger

27 West 125th Street

$125

$125/SF

Building Size

1,300 SF

Asset Type

Retail

Closing

Jan 1, 2024

AI

The retail property located at 27 West 125th Street in South Harlem, Manhattan has been leased. The property is owned by Chestnut Holdings and the tenant is 7th Street Burger. The lease was facilitated by brokers David Green, Daniel Kestenbaum, Albert Manopla, and Jack Khaski from KSR. The retail lease has an asking rent of $125 per square foot for a total area of 1,300 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Date: 01/01/2024
  • Address: 27 West 125th Street
  • Market: South Harlem, Manhattan
  • Landlord: Chestnut Holdings
  • Tenant: 7th Street Burger
  • Brokers: David Green, Daniel Kestenbaum, Albert Manopla, and Jack Khaski - KSR
  • Asking Rent: $125/ft
  • Square Footage: 1,300
  • Lease Type: Retail Lease

Notable information provided by the broker: Am Yisrael Chai.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker
Chestnut Holdings
Chestnut HoldingsLandlord

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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93