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594 9th Ave, New York, NY, ...

Spa Leases 2600 Square Feet At 594 9th Ave From Clinton 42nd Street With Charles Rapuano As Landlord's Representative
LEASEDRetail

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

Charles Rapuano

RTL Real Estate

Broker

13 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93