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746 10th Avenue

Sackman Enterprises Leases Retail Space To Fresco Mexican Grill At 746 10th Avenue
LEASEDRetail

Sackman Enterprises Leases Retail Space To Fresco Mexican Grill At 746 10th Avenue

746 10th Avenue

$12,000

$12,000/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Oct 29, 2025

AI

The asset involved in the transaction is a retail property located at 746 10th Avenue in Hell's Kitchen. The total square footage of the property is 1,200, with an asking rent of $120 per square foot. The lease type associated with this property is a retail lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $120/ft
  • Address: 746 10th Avenue
  • Market: Hell's Kitchen
  • Landlord: Sackman Enterprises
  • Tenant: Fresco Mexican Grill
  • Broker: Josh Sarraf - ARA & Michelle Blake
  • Lease Type: Retail Lease
  • Square Footage: 1,200

The deal involved key representatives in the form of brokers, with Josh Sarraf and Michelle Blake facilitating the transaction. Both brokers played essential roles in representing the landlord and tenant during the lease negotiations.

Players

Josh Sarraf

ARA

Broker

17 deals

Broker
Sackman Enterprises
Sackman EnterprisesLandlord

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

1321.92%

Cash-on-Cash

-377.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93