Penny Linn Leases Retail Space At 303 10th Avenue Chelsea With Landlord Peter Fine
303 10th Avenue
$90
$90/SF
Building Size
3,250 SF
Asset Type
Retail
Closing
Jan 8, 2026
AI
The property asset involved in the transaction is a retail space located at 303 10th Avenue in the Chelsea market. The asking rent for this asset was set at $90 per square foot, with a total size of 3,250 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Address: 303 10th Avenue
- Market: Chelsea
- Landlord: Peter Fine
- Tenant: Penny Linn
- Brokers: Miles Sabbagh & Marc Sitt - KSR
- Lease Type: Retail Lease
Key individuals involved in this deal include the landlord, Peter Fine, and the tenant, Penny Linn. The transaction was facilitated by brokers Miles Sabbagh and Marc Sitt, who represented the parties in this retail 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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93