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Gourmet Market Leases Retail Space In Hell's Kitchen For $166/ft. At 607 9th Avenue

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LEASED
David Green

New York

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Retail1,300 SF
Leased 12/14/2020
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Property Image
LEASED

Gourmet Market Leases Retail Space In Hell's Kitchen For $166/ft. At 607 9th Avenue

607 9th Avenue, Manhattan, New York, NY, USA

See Similar Deals
Retail1,300 SF
Leased 12/14/2020
David Green
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Summary

NEW YORK
Asset Type:Retail
Total Square Footage:1,300 SF
Transaction Type:Lease

A retail space located at 607 9th Avenue in Hell's Kitchen has been leased to Gourmet Market. The lease was facilitated by brokers David Green and Ori Melloul from Kassin Sabbagh Realty. The property, owned by Beach Lane Management and represented by Mark Scharfman, offers approximately 1,300 square feet of space. The asking rent for the lease was $166 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Tenant: Gourmet Market
  • Landlord: Beach Lane Management - Mark Scharfman
  • Date: 12/14/2020
  • Address: 607 9th Avenue
  • Market: Hell's Kitchen
  • Brokers: David Green & Ori Melloul @Kassin_Sabbagh_Realty
  • Asking Rent: $166/ft.
  • Square Footage: 1,300

The leased retail space at 607 9th Avenue in Hell's Kitchen was successfully negotiated by brokers David Green and Ori Melloul from Kassin Sabbagh Realty. Gourmet Market will now occupy this space, which is owned by Beach Lane Management and represented by Mark Scharfman. The transaction was finalized on 12/14/2020, with an asking rent of $166 per square foot for the approximately 1,300 square feet of retail space.

Players

David Green
176 deals$447M volume(516) 320-0260
BROKER

Ori Melloul
Kassin Sabbagh Realty
21 deals
BROKER


TENANT

Details

LEASED
IMAGE: @DavidSTGreen & @OriMelloul DATE: 12/14/2020 ADDRESS: 607 9th Avenue MARKET: Hell’s Kitchen ASSET TYPE: Retail TENANT: Gourmet Market LANDLORD: Beach Lane Management - Mark Scharfman BROKERS: David Green & Ori Melloul @Kassin_Sabbagh_Realty ASKING RENT: $166/ft. ~ SF: 1,300

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Deal Type
Effective Rent (Annual)

$74,515.22

Total Lease Value

$745,152.16

Net Landlord Cash Flow$74,515.22