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695 9th Avenue

Yummy Cheese Pasta Signs Retail Lease At 695 9th Avenue In Hells Kitchen
LEASEDRetail

Yummy Cheese Pasta Signs Retail Lease At 695 9th Avenue In Hells Kitchen

695 9th Avenue

$129

$129/SF

Building Size

1,300 SF

Asset Type

Retail

Closing

Sep 20, 2024

AI

The property asset involved in this transaction is a retail lease located at 695 9th Avenue in the Hells Kitchen area of Manhattan. The lease covers a space of 1,300 square feet with an asking rent of $129 per square foot.

Summary of transaction details:

The deal involved key individuals from Meridian Capital Group, specifically brokers James Famularo, Bobby Ortense, and Myles Vandell, who represented the parties involved in the transaction, facilitating the agreement between landlord Patricia Parsons and tenant Yummy Cheese Pasta.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

360 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

122968.99%

Cash-on-Cash

-35144.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93