Henry Todaro Leases Retail Space To Alex & Anny Hair Salon On 10th Avenue In Hell's Kitchen
720 10th Avenue
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
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