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303 10th Avenue

Penny Linn Leases Retail Space At 303 10th Avenue Chelsea With Landlord Peter Fine
LEASEDRetail

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

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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