Black Olive Gourmet Leases Retail Space At 568 9th Avenue In Midtown West
568 9th Avenue
$170
$170/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Dec 7, 2023
AI
The retail space located at 568 9th Avenue in Midtown West has been leased. The property, measuring 2,000 square feet, was leased by Black Olive Gourmet. The landlord of the property is Klosed Properties. The lease deal was facilitated by Jordan Raphan, David Green, and Ike Bibi from KSR. The asking rent for the space was $170 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 568 9th Avenue
- Market: Midtown West
- Tenant: Black Olive Gourmet
- Landlord: Klosed Properties
- Brokers: Jordan Raphan, David Green, and Ike Bibi - KSR
Am Yisrael Chai.
Players
Market 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
93311.76%
Cash-on-Cash
-26668.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93