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626 10th Avenue

Friedman-Roth Realty Secures Lease For Multifamily Property At 626 10th Avenue In New York City
LEASEDRetail

Friedman-Roth Realty Secures Lease For Multifamily Property At 626 10th Avenue In New York City

626 10th Avenue

$135

$135/SF

Building Size

2,000 SF

Asset Type

Retail

Closing

Jan 2, 2023

AI

The multifamily property located at 626 10th Avenue in New York City has been leased. The landlord of the property is John Young. Representing the landlord in this transaction is Richard Guarino from Friedman-Roth Realty. Wendy Lee from Real New York acted as the tenant's representative in the deal.

Summary of transaction details:

  • Property Type: Multifamily
  • Asking Rent: $135 per square foot
  • Square Footage: 2,000
  • Address: 626 10th Avenue
  • Market: New York City

This lease transaction was facilitated by Richard Guarino from Friedman-Roth Realty representing the landlord, John Young, and Wendy Lee from Real New York representing the tenant. The terms of the lease include an asking rent of $135 per square foot for a space measuring 2,000 square feet at 626 10th Avenue in New York City.

Players

Richard Guarino

Friedman-Roth Realty

Broker

$305.7M

vol

52 deals

Broker

John Young

Emmut Properties

Landlord

$87.6M

vol

7 deals

Landlord

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

117503.70%

Cash-on-Cash

-33582.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93