Steven Croman Leases Retail Space To 722 Fresh Mart At 722 10th Avenue For 10 Years
722 10th Avenue
$130
$130/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Dec 27, 2025
About this deal
AI
The retail asset located at 722 10th Avenue, situated in the Hell's Kitchen market, has a lease term of 10 years set under a modified gross lease agreement. The asking rent for this property is $130 per square foot, with a total square footage of 1,000. The landlord for this transaction is Steven Croman, while the tenant is 722 Fresh Mart.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $130/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Address: 722 10th Avenue
- Market: Hell's Kitchen
- Landlord: Steven Croman
- Tenant: 722 Fresh Mart
- Brokers: Jack Sash Basora, Mark Golberg & Aryeh Vilinsky - Tahari Realty
The brokerage team facilitating this lease includes Jack Sash Basora, Mark Golberg, and Aryeh Vilinsky, representing the interests of the landlord and tenant during this transaction. Their collective efforts contributed to the successful conclusion of this retail lease agreement.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93