Teriyaki Corp Leases Retail Space At 555 8th Avenue In Garment District
555 8th Avenue
$95
$95/SF
Building Size
2,600 SF
Asset Type
Retail
Closing
Mar 1, 2023
AI
The retail property located at 555 8th Avenue in the Garment District has been leased. The lease transaction was handled by brokers Akram Mozeb and Jordan Raphan from the agency KSR. The property has a total square footage of 2,600 and the asking rent was $95 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 555 8th Avenue
- Market: Garment District
- Landlord: Sloyer Forman - Amy Rubenstein
- Tenant: Teriyaki Corp
- Brokers: Akram Mozeb & Jordan Raphan - KSR
- Asking Rent: $95/ft
- Square Footage: 2,600 SF
Amy Rubenstein from Sloyer Forman represented the landlord, while Akram Mozeb and Jordan Raphan from KSR represented the tenant, Teriyaki Corp, in the lease deal for the retail property located at 555 8th Avenue in the Garment District.
Players
Troy 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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93