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
About this deal
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.
Traded’s record for 744 Ninth Avenue, Manhattan, New York, NY, USA in New York, New York covers a retail lease from 2021. Published size for 744 Ninth Avenue, Manhattan, New York, NY, USA is 1,000 square feet. Yoni Hadar, Jeff Zheng, Meridian Capital Group, Polaris Property Group appear on the lease alongside Meridian Capital Group, Polaris Property Group. This page is the New York, New York file for the 744 Ninth Avenue, Manhattan, New York, NY, USA retail leased: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else leased near 744 Ninth Avenue, Manhattan, New York, NY, USA around 2021. Cite this Meridian Retail Leasing Represents EZPaella In $150/ft Retail Lease On Hell's Kitchen's Ninth Avenue lease when underwriting similar retail product around New York, New York.
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Retail
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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