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ANAR Leases Retail Space In Hell's Kitchen, Manhattan From Beach Lane Management

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LEASED
$160

New York

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Retail1,500 SF
Leased 05/16/2024
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Property Image
LEASED

ANAR Leases Retail Space In Hell's Kitchen, Manhattan From Beach Lane Management

615 9th Avenue

See Similar Deals
Retail1,500 SF
Leased 05/16/2024
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$160
Total Square Footage:1,500 SF
Transaction Type:Lease

The retail property located at 615 9th Avenue in Hell’s Kitchen, Manhattan, was recently leased out. The asset boasts a total square footage of 1,500 square feet with an asking rent of $160 per square foot. The landlord, Mitch Rothken from Beach Lane Management, successfully secured a deal with the tenant, ANAR, for a retail lease.

Summary of transation details:

Albert Salameh, David Green, and Daniel Kestenbaum from KSR played a pivotal role as brokers in facilitating the lease agreement between Mitch Rothken and ANAR for the retail space at 615 9th Avenue. This successful transaction demonstrates the expertise and negotiation skills of the involved parties in the competitive Hell’s Kitchen market.

Players

Daniel (Dan) Kestenbaum
23 deals(347) 204-4935
BROKER

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

Details

LEASED
IMAGE: Albert Salameh, David Green & Daniel Kestenbaum DATE: 05/16/2024 ADDRESS: 615 9th Avenue MARKET: Hell’s Kitchen, Manhattan ASSET TYPE: Retail LANDLORD: Mitch Rothken - Beach Lane Management TENANT: ANAR BROKERS: Albert Salameh (@AlbertSalameh2), David Green (@DavidsTGreen) & Daniel Kestenbaum (@DanielKestenbaum) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $160/ft ~ SF: 1,500 LEASE TYPE: Retail Lease

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Deal Type
Effective Rent (Annual)

$275,133.10

Total Lease Value

$2,751,331.03

Net Landlord Cash Flow$275,133.10