Uncle Teds Leases Retail Space At 698 Ninth Ave In Hells Kitchen
698 9th Avenue
$200
$200/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Oct 1, 2022
About this deal
AI
The retail property located at 698 Ninth Ave in Hells Kitchen has been leased in a recent transaction. The tenant, Uncle Teds, will occupy the space under the agreement with the landlord, Gil Wiener. The lease was facilitated by the brokers Jack Khaski, Claude Kolb, Albert Manopla, and Daniel Kestenbaum of KSR.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $200/ft.
- Square Footage: 3,000
This lease transaction demonstrates the collaboration between Uncle Teds and Gil Wiener. The brokers Jack Khaski, Claude Kolb, Albert Manopla, and Daniel Kestenbaum of KSR played a pivotal role in facilitating the deal, ensuring a successful outcome for all parties involved.
Players
Oxford 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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93