facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

626 10th Avenue

Rene Jacques Leases Retail Space In Hell's Kitchen, Manhattan
LEASEDRetail

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

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.

Players

Nicolas Nitu

Habendum Real Estate

Broker

8 deals

Broker

John Young

Emmut Properties

Landlord

$87.6M

vol

7 deals

Landlord

New York City Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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