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714 Ninth Avenue, New York,...

Revival Survival Leases Retail Space In Hell's Kitchen For $12.5K/month
LEASEDRetail

Revival Survival Leases Retail Space In Hell's Kitchen For $12.5K/month

714 Ninth Avenue, New York, NY, USA

Building Size

2,000 SF

Asset Type

Retail

Closing

Aug 27, 2021

AI

The retail property located at 714 Ninth Avenue in Hell's Kitchen, Manhattan has been leased. The tenant, Revival Survival, has entered into a lease agreement with the landlord, @HUBBNYC. The lease transaction was facilitated by tenant representatives Michael Yadgard and Noah Jay of Compass, and the landlord was represented by James Famularo of Meridian Retail Leasing. The property is situated in the vibrant market of Hell's Kitchen.

Summary of transaction details:

  • Property Type: Retail
  • Date: 08/27/2021
  • Address: 714 Ninth Avenue
  • Market: Hell's Kitchen
  • Tenant: Revival Survival
  • Tenant's Representative: Michael Yadgard & Noah Jay - Compass
  • Landlord: @HUBBNYC
  • Landlord's Representative: James Famularo - Meridian Retail Leasing
  • Asking Rent: $156/ft. (~ SF: 2,000)

This lease transaction represents a successful agreement between Revival Survival and @HUBBNYC. The deal was facilitated by the tenant's representatives, Michael Yadgard and Noah Jay of Compass, as well as the landlord's representative, James Famularo of Meridian Retail Leasing. The property's prime location in Hell's Kitchen, a bustling market, makes it an attractive space for retail businesses.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker
HUBB NYC
HUBB NYCLandlord

City of Schenectady 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93