Alter Native Retail Leases Retail Space At 566 7th Avenue, New York City
566 7th Avenue
$350
$350/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Dec 5, 2022
About this deal
AI
The retail property located at 566 7th Avenue in New York City has been leased by Alter Native Retail. The lease term is set for 15 years at an asking rent of $350 per square foot. The property spans 4,000 square feet.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not provided
- Date: 12/05/2022
- Address: 566 7th Avenue
- Market: New York City
- Landlord: Ebm Development Company - Jevin Ng
- Tenant: Alter Native Retail
- Brokers: Steven Evans, Joseph Zalta & Khashy Eyn - Platinum Properties
Steven Evans, Joseph Zalta, and Khashy Eyn from Platinum Properties represented both the landlord, Ebm Development Company, and the tenant, Alter Native Retail, in this lease transaction.
On the Map
$350
$350/SF
Retail
View full map
Players
New York City Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Joseph Zalta to view all their deals.
Browse New York City retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
45322.86%
Cash-on-Cash
-12953.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93