Joel Wiener Leases Retail Space To Saddam's Snacks At 495 Ninth Avenue In Midtown West
495 Ninth Avenue
$100
$100/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jul 30, 2026
About this deal
AI
The retail property located at 495 Ninth Avenue in the Midtown West market spans 1,000 square feet. The landlord, Joel Wiener, has entered into a lease agreement with the tenant, Saddam's Snacks. The asking rent for this property is set at $100 per square foot, under a modified gross lease term of 5 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Square Footage: 1,000
- Lease Term: 5 years
- Lease Type: Modified Gross Lease
- Landlord: Joel Wiener
- Tenant: Saddam's Snacks
- Brokers: Ben Biberaj, Russell Kolen - IPRG Retail Leasing & Desi Avidane - Investment Property Realty Group
Ben Biberaj and Russell Kolen represent IPRG Retail Leasing while Desi Avidane represents Investment Property Realty Group in this transaction, facilitating the lease agreement between the landlord and tenant.
On the Map
$100
$100/SF
Retail
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93