Pizza Hut Leases Retail Space In New York City Building
601 East Tremont Avenue
$75
$75/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Feb 27, 2023
AI
The retail property at 601 East Tremont Avenue in New York City has been leased. The tenant, Pizza Hut, will occupy a space measuring 1,500 square feet. The landlord, Primrock Real Estate, facilitated the deal through their broker, Bruce Herman of Booth Street. The lease was signed for an asking rent of $75 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 601 East Tremont Avenue
- Tenant: Pizza Hut
- Landlord: Primrock Real Estate
- Tenant's Broker: Bruce Herman - Booth Street
- Asking Rent: $75 per square foot
- Square Footage: 1,500
- Market: New York City
This transaction highlights the collaboration between Pizza Hut, Primrock Real Estate, and Bruce Herman of Booth Street. The leasing of this retail space demonstrates the ongoing activity and demand in the New York City market.
Players
Market 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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93