LEASEDRetail
Meridian Retail Leasing Represents EZPaella In $150/ft Retail Lease On Hell's Kitchen's Ninth Avenue
744 Ninth Avenue, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Oct 26, 2021
AI
The retail property located at 744 Ninth Avenue in Hell's Kitchen has been leased. The transaction was completed on 10/27/2021.
Summary of transaction details:
- Property Type: Retail
- Address: 744 Ninth Avenue
- Market: Hell's Kitchen
- Tenant: @EZPaella
- Asking Rent: $150/ft.
- Square Footage: 1,000
- Brokers: Yoni Hadar & Jeff Zheng - Meridian Retail Leasing
The leasing transaction for this retail property was facilitated by Yoni Hadar and Jeff Zheng from Meridian Retail Leasing.
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