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
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