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526 Seventh Avenue

Sutton Garrett Realty Associates Leases 1,000 SF Retail Space To Hans Kabob In Midtown
LEASEDRetail

Sutton Garrett Realty Associates Leases 1,000 SF Retail Space To Hans Kabob In Midtown

526 Seventh Avenue

$300

$300/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Jul 14, 2026

AI

The asset involved in this lease transaction is a retail space located at 526 Seventh Avenue in the Midtown market. The asking rent for this space is $300 per square foot, with a total area of 1,000 square feet. The lease type is a retail lease.

Summary of transaction details:

The key individuals involved in this deal include Joey Levy, Jack Hamadani, and Freddy Souid, who represent the leasing party through their agency, KSR. Sutton Garrett Realty Associates serves as the landlord for the property while Hans Kabob has entered into the lease agreement as the tenant.

Players

Jack Hamadani

Kassin Sabbagh Realty

Broker

47 deals

Broker
SA
Sutton Garrett Realty AssociatesLandlord
HK
Hans KabobTenant

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

52876.67%

Cash-on-Cash

-15112.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93