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568 9th Avenue

Black Olive Gourmet Leases Retail Space At 568 9th Avenue In Midtown West
LEASEDRetail

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

Ike Bibi

Kassin Sabbagh Realty

Broker

$274.3M

vol

125 deals

Broker
Klosed Properties
Klosed PropertiesLandlord

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