Steven Croman Leases Retail Space To SOS Pro Services At 653 9th Avenue Manhattan
653 9th Avenue
$191
$191/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Apr 8, 2025
About this deal
AI
The property asset is located at 653 9th Avenue in Hell's Kitchen, Manhattan. It is a retail space with an area of 1,000 square feet and is leased under a Modified Gross Lease. The asking rent is set at $191 per square foot.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $191/ft
- Square Footage: 1,000
- Address: 653 9th Avenue
- Market: Hell's Kitchen, Manhattan
- Landlord: Steven Croman
- Tenant: SOS Pro Services
- Landlord's Representative: Ben Biberaj & Nick Hanna - Meridian Capital Group
- Tenant's Representative: Mark Golberg - Tahari Realty
The deal involves key individuals and companies including Steven Croman acting as the landlord and SOS Pro Services as the tenant. The landlord is represented by Ben Biberaj and Nick Hanna from Meridian Capital Group, while the tenant is represented by Mark Golberg from Tahari Realty.
On the Map
$191
$191/SF
Retail
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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
83052.36%
Cash-on-Cash
-23736.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93