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
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