facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

720 10th Avenue

Henry Todaro Leases Retail Space To Alex & Anny Hair Salon On 10th Avenue In Hell's Kitchen
LEASEDRetail

Henry Todaro Leases Retail Space To Alex & Anny Hair Salon On 10th Avenue In Hell's Kitchen

720 10th Avenue

$131

$131/SF

Building Size

1,280 SF

Asset Type

Retail

Closing

Apr 28, 2025

AI

The property involved in the transaction is a retail space located at 720 10th Avenue in Hell's Kitchen, Manhattan. The asset has a total square footage of 1,280 and operates under a modified gross lease. The asking rent for this property is $131 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $131/ft
  • Square Footage: 1,280
  • Address: 720 10th Avenue
  • Market: Hell's Kitchen, Manhattan
  • Landlord: Henry Todaro
  • Tenant: Alex & Anny Hair Salon
  • Landlord's Representative: Ben Biberaj & Cameron Parson - Meridian Capital Group

This transaction features key individuals including landlord Henry Todaro and tenant Alex & Anny Hair Salon. The landlord's representation was handled by Ben Biberaj and Cameron Parson from Meridian Capital Group, who facilitated the lease agreement.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

121091.60%

Cash-on-Cash

-34608.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93