Q Coffee Signs Ground Lease For Retail Space At 570 9th Avenue In Hell's Kitchen, Manhattan
LEASED
$160
+ 1
New York
See Similar DealsRetail1,500 SF
Leased 10/12/2023
LEASED
Q Coffee Signs Ground Lease For Retail Space At 570 9th Avenue In Hell's Kitchen, Manhattan
570 9th Avenue
See Similar DealsRetail1,500 SF
Leased 10/12/2023
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$160
Total Square Footage:1,500 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$275,133.10
Total Lease Value
$2,751,331.03
Net Landlord Cash Flow$275,133.10
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