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290 St Nicholas Ave New Yor...

Pizza Hut Leases Retail Space At 290 Saint Nicholas Avenue In New York City
LEASEDRetail

Pizza Hut Leases Retail Space At 290 Saint Nicholas Avenue In New York City

290 St Nicholas Ave New York, NY 10027, USA

$150

$150/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Jun 14, 2023

AI

The retail property located at 290 Saint Nicholas Avenue in New York City has been leased. The landlord, Fata Organization, has entered into a lease agreement with the tenant, Pizza Hut. The lease transaction was facilitated by broker Bruce Herman from Booth Street. The property offers approximately 1,200 square feet of space, with an asking rent of $150 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 290 Saint Nicholas Avenue, New York City
  • Landlord: Fata Organization
  • Tenant: Pizza Hut
  • Broker: Bruce Herman - Booth Street
  • Asking Rent: $150 per square foot
  • Space: 1,200 square feet

This lease transaction showcases the collaboration between Fata Organization, the property's landlord, and Pizza Hut, the tenant. The deal was successfully negotiated by Bruce Herman of Booth Street, who represented both parties in this lease agreement.

Players

Bruce Herman

Booth Street

Broker

$41.1M

vol

22 deals

Broker
Pizza Hut
Pizza HutTenant

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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93