Spa Leases 2600 Square Feet At 594 9th Ave From Clinton 42nd Street With Charles Rapuano As Landlord's Representative
594 9th Ave, New York, NY, 10036
Building Size
2,600 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
The property involved in this transaction is a lease located at 594 9th Ave, New York, NY, 10036. This lease encompasses a total square footage of 2600 in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 594 9th Ave, New York, NY, 10036
- Square Feet: 2600
- Landlord: Clinton 42nd Street
- Tenant: Spa
- Landlord's Rep: Charles Rapuano - Winick Realty Group
This deal involved key representatives, particularly Charles Rapuano from Winick Realty Group, who represented the landlord in the transaction. The tenant for this lease is a spa establishment, highlighting the nature of the business operating in the leased space.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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