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
About this deal
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.
On the Map
$133
$133/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
119270.68%
Cash-on-Cash
-34087.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93