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340 West 49th Street

Adam Amsalem Of Black Spruce Management Leases Retail Space To St. Kilda Coffee In Hells Kitchen
LEASEDRetail

Adam Amsalem Of Black Spruce Management Leases Retail Space To St. Kilda Coffee In Hells Kitchen

340 West 49th Street

$160

$160/SF

Building Size

450 SF

Asset Type

Retail

Closing

May 31, 2025

AI

The property involved in the transaction is a retail asset located at 340 West 49th Street in the Hells Kitchen market. The space covers 450 square feet and has an asking rent of $160 per square foot. The lease term established is 10 years under a modified gross lease agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $160/ft
  • Address: 340 West 49th Street
  • Market: Hells Kitchen
  • Asset Size: 450 SF
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Adam Amsalem - Black Spruce Management
  • Tenant: St. Kilda Coffee
  • Landlord's Representative: Aryeh Vilinsky - BH Realty
  • Tenant's Representative: Nolan Weinberg - KSR

Key individuals in this transaction include Adam Amsalem representing Black Spruce Management as the landlord, while St. Kilda Coffee is the tenant. Aryeh Vilinsky from BH Realty acts as the landlord's representative, and Nolan Weinberg from KSR is the tenant's representative in this lease deal.

Players

Jeff Geoghegan

Kassin Sabbagh Realty

Broker

27 deals

Broker
Aryeh Vilinsky
Verified Badge

Aryeh Vilinsky

Tahari Realty

Broker

63 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage
BH Realty
BH RealtyBrokerage
Black Spruce Management
Black Spruce ManagementLandlord

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

99143.75%

Cash-on-Cash

-28335.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93