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
About this deal
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.
On the Map
$200
$200/SF
Retail
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New York Retail Market Snapshot
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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