Rene Jacques Leases Retail Space In Hell's Kitchen, Manhattan
626 10th Avenue
$150
$150/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Nov 1, 2023
About this deal
AI
The retail property located at 626 10th Avenue in Hell's Kitchen, Manhattan has recently been leased. The property spans 2,000 square feet and features a modified gross lease. The transaction took place on 11/01/2023.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $150 per square foot
- Square Footage: 2,000
- Address: 626 10th Avenue, Hell's Kitchen, Manhattan
The landlord, John Young from Emmit Properties, leased the property to Rene Jacques, the owner of Saint NYC Lounge. Richard Guarino and Skyler Gironda from Friedman-Roth Realty represented the landlord, while Nicolas Nitu and Scott Parsons from Habendum Real Estate represented the tenant.
On the Map
$150
$150/SF
Retail
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Players
New York City 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