Amish Market Leases Retail Space In Hell's Kitchen, Manhattan
731 9th Avenue
$120
$120/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Sep 15, 2023
About this deal
AI
The property involved in this lease transaction is located at 731 9th Avenue in Hell's Kitchen, Manhattan. It is a retail space with a total area of 15,000 square feet. The landlord of the property is Ben Braka from Aetna Realty, while the tenant is Amish Market.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $120/ft
- Square Footage: 15,000
- Address: 731 9th Avenue
- Market: Hell's Kitchen, Manhattan
James Famularo and Evan Roteman from Meridian Capital Group represented both the landlord, Ben Braka, and the tenant, Amish Market, in this lease deal. They served as the brokers for this transaction.
Players
Market 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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93