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
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