facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

649 Ninth Avenue, Manhattan...

One Hand Realty Leases Retail Space To 375 Chicken 'N Fries In Hell's Kitchen
LEASEDRetail

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

Jack Hurley

Isa Realty Group

Broker

5 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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