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530 7th Avenue

Isaac Levy Of Swift Retail Advisors Leases Midtown Manhattan Retail Space For Barber Shop
LEASEDRetail

Isaac Levy Of Swift Retail Advisors Leases Midtown Manhattan Retail Space For Barber Shop

530 7th Avenue

$133

$133/SF

Building Size

901 SF

Asset Type

Retail

Closing

Mar 14, 2024

AI

The retail property located at 530 7th Avenue in Midtown Manhattan was leased in a single net lease agreement. The space spans 901 square feet with an asking rent of $133 per square foot. The landlord for this transaction was Savitt Partners, while the tenant is a Barber Shop. The lease was facilitated by Isaac Levy from Swift Retail Advisors.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 530 7th Avenue
  • Market: Midtown Manhattan
  • Asset Type: Retail
  • Landlord: Savitt Partners
  • Tenant: Barber Shop
  • Broker: Isaac Levy - Swift Retail Advisors
  • Asking Rent: $133/ft
  • Lease Type: Single Net Lease

The deal involved the parties of Savitt Partners as the landlord and the Barber Shop as the tenant. Isaac Levy from Swift Retail Advisorsrepresented the tenant in this lease transaction.

Players

Isaac Levy

Swift Real Estate Advisors

Broker

2 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

119270.68%

Cash-on-Cash

-34087.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93