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298 5th Avenue

Robert Haddad Leases Retail Space To Zhoumapo At 298 5th Avenue In Manhattan For $72/ft
LEASEDRetail

Robert Haddad Leases Retail Space To Zhoumapo At 298 5th Avenue In Manhattan For $72/ft

298 5th Avenue

$199

$199/SF

Building Size

5,500 SF

Asset Type

Retail

Closing

Jul 1, 2025

AI

This retail asset is located at 298 5th Avenue in the Nomad neighborhood of Manhattan. The asset spans 5,500 square feet and has an asking rent of $72 per square foot. The lease type for this transaction is a Modified Gross Lease.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $72/ft
  • Address: 298 5th Avenue
  • Market: Nomad, Manhattan
  • Landlord: Robert Haddad
  • Tenant: Zhoumapo
  • Brokers: John Roesch, Mariko Tanaka & Noam Aziz - Meridian Capital Group
  • Square Footage: 5,500
  • Lease Type: Modified Gross Lease

The transaction involves important individuals from Meridian Capital Group, with John Roesch, Mariko Tanaka, and Noam Aziz representing the deal. Their involvement highlights the brokerage's role in facilitating this lease agreement between the landlord and tenant.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

79713.57%

Cash-on-Cash

-22782.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93