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
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