Luxe Concierge Signs Retail Lease At 743 Sixth Avenue In Chelsea With Landlord's Rep Ripco
743 Sixth Avenue
$175
$175/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Jul 15, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 743 Sixth Avenue in the Chelsea market. The asking rent for the property is set at $175 per square foot, encompassing a total area of 1,200 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $210,000
- Tenant: Luxe Concierge
- Landlord's Representative: Richard Skulnik, Lindsay Zegans, Mary Schwagerl & Ben Sabin - Ripco
- Tenant's Representative: Ravi Idnani - Newmark
- Lease Type: Retail Lease
Key individuals involved in this lease include the tenant Luxe Concierge represented by Ravi Idnani from Newmark, who has successfully completed several deals in the Chelsea neighborhood, including properties such as 41 West 24th Street and 600 Sixth Avenue, showcasing his experience and presence in the market.
On the Map
$175
$175/SF
Retail
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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
90645.71%
Cash-on-Cash
-25906.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93