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440 10th Ave New York, NY 1...

Heavenly Market Leases Retail Space At 440 10th Avenue In New York City
LEASEDRetail

Heavenly Market Leases Retail Space At 440 10th Avenue In New York City

440 10th Ave New York, NY 10001, USA

$308

$308/SF

Building Size

350 SF

Asset Type

Retail

Closing

Jun 6, 2023

AI

The retail property located at 440 10th Avenue in New York City has been leased. The property is owned by Madison Realty and the tenant is Heavenly Market. The lease was facilitated by David Yablon from Katz & Associates representing the landlord, and John Roesch from Meridian Capital Group representing the tenant. The property features a total square footage of 350 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Asking Rent: $308.57/ft
  • Square Footage: 350 square feet
  • Address: 440 10th Avenue, New York City
  • Market: New York City

This lease transaction was successfully concluded between Madison Realty, the landlord, and Heavenly Market, the tenant. David Yablon from Katz & Associates represented Madison Realty, while John Roesch from Meridian Capital Group represented Heavenly Market. The exact terms and conditions of the lease agreement were not disclosed in the provided information.

Players

David Yablon

Katz & Associates Real Estate Advisors

Broker

4 deals

Broker
Madison Realty Capital
Madison Realty CapitalLandlord

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

51503.25%

Cash-on-Cash

-14719.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93