AM/PM Market Leases Retail Space At 584 8th Ave In Midtown Manhattan
584 8th Avenue, New York City, New York 10018, United States
Building Size
1,150 SF
Asset Type
Retail
Closing
Feb 1, 2022
About this deal
AI
An AM/PM Market in Midtown has recently leased a retail space at 584 8th Ave. The transaction took place on 02/02/2022 with a lease agreement. The property has a total area of 1,150 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 584 8th Ave.
- Market: Midtown
The landlord, GUR Associates represented by Shmaya Glick, facilitated the lease deal with AM/PM Market. The tenant was represented by David Green and David Sabbagh from KSR. The landlord's representatives include Louis Franco, Jack Hurley, and Joseph Isa from ISA Realty Group.
The asking rent for the space was $300 per square foot.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93