James Kim Leases Retail Space To Pride ETM Group Inc At 742 9th Avenue Manhattan
742 9th Avenue
$60
$60/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Aug 20, 2025
AI
The property involved in the transaction is a retail space located at 742 9th Avenue in the Hell's Kitchen area of Manhattan. The asset comprises 10,000 square feet and is subject to a triple net lease arrangement. The asking rent for the property was $60 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $600,000
- Landlord: James Kim
- Tenant: Pride ETM Group Inc
- Broker: Elliot Wygoda - Meridian Capital Group
- Lease Type: Triple Net Lease
The deal was facilitated by Elliot Wygoda from Meridian Capital Group, representing the landlord, James Kim, and involved the tenant, Pride ETM Group Inc. This transaction highlights a notable agreement between these parties within the competitive real estate market of Hell's Kitchen.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93