Orangetheory Fitness Leases Retail Space At 720 9th Ave In Hell's Kitchen
720 9th Avenue, New York, NY 10019
Building Size
4,200 SF
Asset Type
Retail
Closing
Jun 1, 2020
About this deal
AI
The retail property located at 720 9th Ave in Hell's Kitchen has been leased. The lease deal was finalized on 06/01/2021.
Summary of transaction details:
- Property Type: Retail
- Address: 720 9th Ave, Hell's Kitchen
- Market: Hell's Kitchen
The tenant for this property is Orangetheory Fitness, represented by Adam Krell. The landlord of the property is SL Green Realty and RXR Realty. The leasing deal was facilitated by Albert Halawani and Albert Manopla from Kassin Sabbagh Realty.
The asking rent for the leased space was $150 per square foot, with a total area of 4,200 square feet.
Players
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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