Chad Gessin Leases Retail Space At 606 10th Avenue To Sunflare Body Spa In Hell's Kitchen
606 10th Avenue
$150
$150/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Dec 18, 2024
AI
The retail asset located at 606 10th Avenue in Hell's Kitchen consists of 1,200 square feet and is under a Modified Gross Lease. The asking rent for this space is $150 per foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Address: 606 10th Avenue
- Market: Hell's Kitchen
- Landlord: Chad Gessin
- Tenant: Sunflare Body Spa
- Brokers: Noam Aziz & Samuel Mukamal - Meridian Capital Group
Noam Aziz and Samuel Mukamal from Meridian Capital Group represent the parties in this leasing transaction, focusing on the interests of both the landlord and the tenant in this agreement.
Players
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93