Weed World Candies Leases Retail Space In Times Square For $720/ft
732 7th Avenue, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Aug 24, 2021
AI
A retail property in Times Square located at 732 7th Avenue has been leased. The lease transaction took place on August 24, 2021. The property, spanning 1,000 square feet, was leased by Weed World Candies. The asking rent for the retail space was $720 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 732 7th Avenue
- Market: Times Square
The tenant, Weed World Candies, was represented by Matthew Fogel and Albert Halawani from KSR. The landlord, Farmore Realty, was represented by Jack Hurley from Isa Realty.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93