Royal Fresh Laundromat Leases Retail Space At 568 Ninth Avenue In Hell's Kitchen For $136/ft
568 Ninth Avenue
$136
$136/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Jan 30, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 568 Ninth Avenue in the Hell's Kitchen market. It features a lease of 1,500 square feet at an asking rent of $136 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $204,000
- Landlord: Steven Kashanian - Klosed Properties
- Tenant: Royal Fresh Laundromat
- Lease Type: Retail Lease
- Lease Date: 1/30/2026
- Brokers: David Green & Albert Salameh - KSR
Key individuals in this transaction include the landlord, Steven Kashanian, representing Klosed Properties, and the brokers David Green and Albert Salameh, who facilitated the deal on behalf of the tenant, Royal Fresh Laundromat.
On the Map
$136
$136/SF
Retail
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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
116639.71%
Cash-on-Cash
-33335.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93