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572 11th Avenue

Ski Pod Leases Retail Space At 572 11th Avenue In Hell's Kitchen For $100/ft
LEASEDRetail

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

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.

Players

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker

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