Boba Guys Leases Retail Space In Midtown Manhattan At 345 7th Avenue
345 7th Avenue, New York City, New York 10011, United States
Building Size
1,100 SF
Asset Type
Retail
Closing
Jun 19, 2022
About this deal
AI
The retail property located at 345 7th Avenue in Midtown has been leased. The lease transaction took place on 06/20/2022.
Summary of transaction details
- Property Type: Retail
- Lease Date: 06/20/2022
- Address: 345 7th Avenue
- Market: Midtown
The landlord of the property is Empire Capital RE. The tenant in this lease is Boba Guys. Representing the tenant in the deal are Adam Weinblatt and Mai Shachi from Newmark. The landlord is represented by Ike Bibi, Carolina Aziz, and David Green from KSR.
The asking rent for the retail space is $200 per square foot. The area of the leased space is 1,100 square feet.
On the Map
Retail
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Players
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Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93