facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

355 7th Avenue, New York Ci...

Tri Coffee Corp. Leases Retail Space At 355 7th Ave. In Penn Plaza
LEASEDRetail

Tri Coffee Corp. Leases Retail Space At 355 7th Ave. In Penn Plaza

355 7th Avenue, New York City, New York 10001, United States

Building Size

1,100 SF

Asset Type

Retail

Closing

Jan 9, 2022

AI

Tri Coffee Corp has signed a lease for a retail space located at 355 7th Ave in Penn Plaza, according to recent reports. The property, measuring approximately 1,100 square feet, was leased from landlord Ezra Aini of Aini Assets. The deal was facilitated by brokers David Green, Ike Bibi, and David Sabbagh of KSR. The lease agreement was finalized on January 10, 2022, with an asking rent of $220 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: January 10, 2022
  • Address: 355 7th Ave
  • Market: Penn Plaza
  • Landlord: Ezra Aini - Aini Assets
  • Tenant: Tri Coffee Corp.
  • Brokers: David Green, Ike Bibi, and David Sabbagh - KSR
  • Asking Rent: $220/ft
  • Square Footage: 1,100

This deal marks an important milestone for Tri Coffee Corp as they secure their presence in Penn Plaza. With the help of brokers David Green, Ike Bibi, and David Sabbagh from KSR, the lease agreement was successfully negotiated with landlord Ezra Aini of Aini Assets. Tri Coffee Corp will now be able to serve customers in their new retail space located at 355 7th Ave.

Players

David Sabbagh

Kassin Sabbagh Realty

Broker

62 deals

Broker
AA
Aini AssetsLandlord
TC
Tri Coffee Corp.Tenant

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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