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342 Seventh Avenue

Bernstein Real Estate Leases Retail Space To Sneakky Klean At 342 Seventh Avenue In Manhattan
LEASEDRetail

Bernstein Real Estate Leases Retail Space To Sneakky Klean At 342 Seventh Avenue In Manhattan

342 Seventh Avenue

$255

$255/SF

Building Size

400 SF

Asset Type

Retail

Closing

Aug 14, 2025

AI

The property asset involved in this transaction is a retail space located at 342 Seventh Avenue in Manhattan. The asking rent for this space is $255 per square foot, covering an area of 400 square feet. The lease term is set for 10 years under a modified gross lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $255/ft
  • Square Footage: 400
  • Lease Term: 10 Years
  • Lease Type: Modified Gross Lease
  • Landlord: Bernstein Real Estate
  • Tenant: Sneakky Klean
  • Landlord's Representative: David Berger - Bernstein Real Estate
  • Tenant's Representative: Fredy Bagdadi - Tri State Commercial Realty

This transaction involved key representatives including David Berger from Bernstein Real Estate, representing the landlord, and Fredy Bagdadi from Tri State Commercial Realty, representing the tenant. Their involvement was crucial in facilitating the lease agreement between Bernstein Real Estate and Sneakky Klean.

Players

Fredy Bagdadi

Tri State Commercial Realty

Broker

8 deals

Broker
Tri State Commercial Realty
Tri State Commercial RealtyBrokerage
Bernstein Real Estate
Bernstein Real EstateLandlord

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

62207.84%

Cash-on-Cash

-17779.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93