Q Coffee Signs Ground Lease For Retail Space At 570 9th Avenue In Hell's Kitchen, Manhattan
570 9th Avenue
$160
$160/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Oct 12, 2023
About this deal
AI
A ground lease has been signed for a retail property located at 570 9th Avenue in Hell's Kitchen, Manhattan. The asset spans 1,500 square feet, with an asking rent of $160 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Ground Lease
- Address: 570 9th Avenue, Hell's Kitchen, Manhattan
- Market: Hell's Kitchen, Manhattan
Steven Kashanian is the landlord for this property, and the tenant is Q Coffee. The deal was facilitated by KSR brokers David Green, David Sabbagh, and Ike Bibi.
On the Map
$160
$160/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Ike Bibi to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93