Artistic Pizza 2 Signs Lease In Hudson Yards At 530 9th Avenue For $135/ft
530 9th Avenue
$127
$127/SF
Building Size
800 SF
Asset Type
Retail
Closing
Oct 1, 2024
AI
The retail asset located at 530 9th Avenue in the Hudson Yards market spans 900 square feet and is associated with a lease type known as Modified Gross Lease. The asking rent for this property is set at $135 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $135/ft
- Square Footage: 900
- Address: 530 9th Avenue
- Market: Hudson Yards
- Tenant: Artistic Pizza 2
- Landlord's Representative: Noam Aziz & Samuel Mukamal - Meridian Capital Group
- Tenant's Representative: Sarkie Ampim - Batra Group Real Estate
This lease transaction involves key representatives in the real estate sector, with Noam Aziz and Samuel Mukamal acting on behalf of the landlord through Meridian Capital Group. The tenant, Artistic Pizza 2, is being represented by Sarkie Ampim from Batra Group Real Estate. Their collaboration facilitated the agreement for the retail space at the specified location.
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
124905.51%
Cash-on-Cash
-35698.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93