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600 Sixth Avenue

Verizon Leases Retail Space From United American Land At 600 Sixth Avenue Chelsea
LEASEDRetail

Verizon Leases Retail Space From United American Land At 600 Sixth Avenue Chelsea

600 Sixth Avenue

$200

$200/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

May 28, 2026

AI

This retail property is located at 600 Sixth Avenue in the Chelsea market. The landlord of this asset is United American Land, while Verizon serves as the tenant. The asking rent for this space is $200 per square foot for a total area of 1,200 square feet under a retail lease agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $200/ft
  • Square Footage: 1,200
  • Address: 600 Sixth Avenue
  • Market: Chelsea
  • Landlord: United American Land
  • Tenant: Verizon
  • Brokers: Joey Levy, Jack Hamadani, Freddy Souid & Solomon Sharaby - KSR

The transaction involved notable brokers, including Joey Levy, Jack Hamadani, Freddy Souid, and Solomon Sharaby, representing the interests of the parties involved through KSR. Their expertise contributed to the successful leasing of the retail space to Verizon.

Players

Solomon Sharaby

Kassin Sabbagh Realty

Broker

$3M

vol

101 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage
United American Land
United American LandLandlord

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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93