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393 8th Ave, New York, NY 1...

The Farmers Market Leases Retail Space At 393 8th Ave In Chelsea
LEASEDRetail

The Farmers Market Leases Retail Space At 393 8th Ave In Chelsea

393 8th Ave, New York, NY 10001

$90

$90/SF

Building Size

2,200 SF

Asset Type

Retail

Closing

Jun 8, 2023

AI

The retail property located at 393 8th Ave in Chelsea has been leased by The Farmers Market. The property spans 2,200 square feet and the asking rent was $90 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned
  • Address: 393 8th Ave
  • Market: Chelsea

The landlord of the property is Daniel Aller. The leasing transaction was facilitated by Claude Kolb from KSR.

Players

Claude Kolb

Lee & Associates

Broker

40 deals

Broker

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

176255.56%

Cash-on-Cash

-50374.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93