Ralph Sutton Leases 2,000 SF Retail Space To Pokemon World At 526 Seventh Avenue
526 Seventh Avenue
$90
$90/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Sep 27, 2024
About this deal
AI
The property asset involved is a retail space located at 526 Seventh Avenue in Midtown. This asset covers an area of 2,000 square feet and has an asking rent of $90 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90/ft
- Asset Address: 526 Seventh Avenue
- Market: Midtown
- Landlord: Ralph Sutton
- Tenant: Pokemon World
- Brokers: Josh Vilinsky & Albert Manopla - KSR
- Lease Type: Retail Lease
Key individuals involved in this transaction include landlords and brokers, with Ralph Sutton representing the landlord and Josh Vilinsky and Albert Manopla representing the tenant, Pokemon World, through their agency KSR.
On the Map
$90
$90/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
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93