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619 9th Avenue

Howard Brachfeld Leases Retail Space To Snow Flake Spa In Hell's Kitchen For $134/ft
LEASEDRetail

Howard Brachfeld Leases Retail Space To Snow Flake Spa In Hell's Kitchen For $134/ft

619 9th Avenue

$134

$134/SF

Building Size

2,200 SF

Asset Type

Retail

Closing

Aug 1, 2026

AI

The property involved in this transaction is a retail space located at 619 9th Avenue in the Hell's Kitchen area of Manhattan. The asset has a single net lease agreement in place with an asking rent of $134 per square foot for a total size of 2,200 square feet.

Summary of transaction details:

This transaction involves significant players in the real estate field. Howard Brachfeld serves as the landlord, while the tenant, Snow Flake Spa, is represented by Milly Cheung from Lee & Associates. The landlord's interests are represented by James Famularo and Kyle Fink from Meridian Capital Group, who facilitated the lease agreement.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

Howard Brachfeld

Landlord

1 deal

Landlord

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

118380.60%

Cash-on-Cash

-33833.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93