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
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