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
About this deal
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.
On the Map
$131
$131/SF
Retail
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Players
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
121091.60%
Cash-on-Cash
-34608.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93