Joseph Giamio Leases Retail Space To Tenth And Trim At 628 10th Avenue In Manhattan
628 10th Avenue
$100
$100/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Aug 28, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 628 10th Avenue in Manhattan. The asking rent for this space is $100 per square foot, with a total area of 1,000 square feet. The lease term is set for 10 years under a modified gross lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Square Footage: 1,000 SF
- Address: 628 10th Avenue
- Market: Manhattan
- Landlord: Joseph Giamio
- Tenant: Tenth and Trim
- Landlord's Representative: Ben Biberaj - IPRG Retail Leasing & Desi Avidane - Investment Property Realty Group
- Tenant's Representative: Tanner Zar & Talia Zar - Titan Group New York
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
This leasing transaction involved key individuals from both sides, with Ben Biberaj and Desi Avidane representing the landlord, Joseph Giamio. On the tenant side, Tanner Zar and Talia Zar acted as the representatives for Tenth and Trim in this deal.
Players
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93