Midtown Hardware Leases Retail Space At 328 Eighth Avenue In Chelsea
328 8th Avenue
$130
$130/SF
Building Size
1,650 SF
Asset Type
Retail
Closing
Oct 3, 2022
About this deal
AI
The retail property located at 328 Eighth Avenue in Chelsea was recently leased to Midtown Hardware. The property spans 1,650 square feet and was leased at an asking rent of $130 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 10/03/2022
- Address: 328 Eighth Avenue
- Market: Chelsea
The leasing transaction was facilitated by John Roesch and Kevin Bisconti from Meridian Retail Leasing, who represented Midtown Hardware.
The retail lease at 328 8th Avenue in New York, New York leased for $130 in 2022. The building is 1,650 square feet, implying about 130 per square foot on the published price. Kevin Bisconti, John Roesch, Meridian Capital Group appear on the lease alongside Meridian Capital Group. This page is the New York, New York file for the 328 8th Avenue retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 328 8th Avenue around 2022. Published consideration for 328 8th Avenue is $130, dated 2022. Cite this Midtown Hardware Leases Retail Space At 328 Eighth Avenue In Chelsea lease when underwriting similar retail product around New York, New York.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93