Todd Robins Leases Retail Space To Madman Espresso At 646 9th Avenue For $100/SF
646 9th Avenue
$100
$100/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
May 31, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 646 9th Avenue in the Hell's Kitchen area of Manhattan. The lease type is a Single Net Lease, with an asking rent of $100 per square foot, covering a total of 1,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Square Footage: 1,000 SF
- Address: 646 9th Avenue
- Market: Hell's Kitchen, Manhattan
- Landlord: Todd Robins
- Tenant: Madman Espresso
- Brokers: Joseph Sobolov - Investment Property Realty Group & Ben Biberaj - IPRG Retail Leasing
This lease transaction involved Todd Robins as the landlord and Madman Espresso as the tenant, with representation from Joseph Sobolov and Ben Biberaj. Both brokers are affiliated with IPRG, where they work to facilitate retail leasing transactions.
On the Map
$100
$100/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Ben Biberaj to view all their deals.
Browse New York retail leases on Traded.
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