338 Eighth Avenue Retail Leased In Chelsea, Manhattan By Ranger Management And 338 8th Convenience Corp. Brokers: Aaron Aziz & Daniel Levian - Avenue Realty Advisors. Rent: $150/ft
338 8th Ave, New York, NY 10001, United States
$150
$150/SF
Building Size
1,400 SF
Asset Type
Retail
Closing
Jun 10, 2023
About this deal
AI
The retail property located at 338 Eighth Avenue in Chelsea, Manhattan has been leased. The landlord, Ranger Management, has entered into a lease agreement with the tenant, 338 8th Convenience Corp. The transaction was facilitated by brokers Aaron Aziz and Daniel Levian of Avenue Realty Advisors. The retail space has a total square footage of 1,400 square feet. The asking rent for the property is $150 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 06/10/2023
- Address: 338 Eighth Avenue
- Market: Chelsea, Manhattan
- Landlord: Ranger Management
- Tenant: 338 8th Convenience Corp
- Brokers: Aaron Aziz & Daniel Levian - Avenue Realty Advisors
- Asking Rent: $150/ft
- SF: 1,400
The leasing transaction for the retail property at 338 Eighth Avenue was successfully negotiated by Aaron Aziz and Daniel Levian of Avenue Realty Advisors. Ranger Management serves as the landlord for the property, while 338 8th Convenience Corp is the tenant. The retail space, with its prime location in Chelsea, Manhattan, presents an excellent opportunity for the tenant. The lease details, including the square footage and the asking rent, were agreed upon by all parties involved.
On the Map
$150
$150/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93