One Hand Realty Leases Retail Space To 375 Chicken 'N Fries In Hell's Kitchen
649 Ninth Avenue, Manhattan, New York, NY, USA
Building Size
1,300 SF
Asset Type
Retail
Closing
Mar 2, 2021
AI
A retail property located at 649 Ninth Avenue in Hell's Kitchen, was recently leased. The property is a total of 1,300 square feet and was leased to 375 Chicken 'N Fries. The asking rent for the space was $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Address: 649 Ninth Avenue
- Market: Hell's Kitchen
- Tenant: 375 Chicken 'N Fries
- Landlord: One Hand Realty - Elmadani Sadek
- Broker: Jack Hurley - Isa Realty Group
- Asking Rent: $200/ft. (~SF: 1,300)
The leasing deal was facilitated by Jack Hurley of Isa Realty Group, who represented both the tenant, 375 Chicken 'N Fries, and the landlord, One Hand Realty - Elmadani Sadek. The transaction was finalized on March 3, 2021, with an asking rent of $200 per square foot for the 1,300 square foot retail space.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93