LEASEDRetail
Laboz Family Leases Retail Space At 655 Sixth Avenue To Bambi Baby In Chelsea Manhattan
655 Sixth Avenue
$70
$70/SF
Building Size
9,400 SF
Asset Type
Retail
Closing
Oct 16, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 655 Sixth Avenue, in the Chelsea market of Manhattan. The property has a total square footage of 9,400 and the asking rent was set at $70 per square foot. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $70/ft
- Lease Type: Modified Gross Lease
- Address: 655 Sixth Avenue
- Market: Chelsea, Manhattan
- Landlord: Laboz Family - United American Land
- Tenant: Bambi Baby
- Landlord's Representative: Ravi Idnani & Aric Trakhtenberg - Newmark
- Tenant's Representative: Jessica Tauber & Jordan Kaplan - CBRE
The deal involved key individuals from both sides, including Ravi Idnani and Aric Trakhtenberg representing the landlord, while Jessica Tauber and Jordan Kaplan represented the tenant, Bambi Baby. This transaction highlights their roles in facilitating the lease agreement within a competitive retail market.
On the Map
$70
$70/SF
Retail
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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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93