Ski Pod Leases Retail Space At 572 11th Avenue In Hell's Kitchen For $100/ft
572 11th Avenue
$100
$100/SF
Building Size
3,790 SF
Asset Type
Retail
Closing
May 14, 2026
About this deal
AI
The property is a retail asset located at 572 11th Avenue in Hell's Kitchen. It features a square footage of 3,790 and is subject to a single net lease with an asking rent of $100 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $379,000
- Address: 572 11th Avenue
- Market: Hell's Kitchen
- Landlord: Paul Heule
- Tenant: Ski Pod
- Brokers: David Green, Benjamin (Ben) Namdar & Darien Hakimi - KSR
The key individuals involved in this transaction include Paul Heule, who is the landlord, and Ski Pod, the tenant securing the lease. The brokerage team facilitating this deal comprises David Green, Benjamin Namdar, and Darien Hakimi, all associated with KSR.
On the Map
$100
$100/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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93