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646 9th Avenue

Todd Robins Leases Retail Space To Madman Espresso At 646 9th Avenue For $100/SF
LEASEDRetail

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

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.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

200 deals

Broker

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