CheeseBoatBK Leases Retail Space In Hell's Kitchen From D&D Realty Company - Asking Rent $150/ft
747 9th Avenue, Manhattan, New York, NY 10019, USA
Building Size
2,000 SF
Asset Type
Retail
Closing
Aug 27, 2021
AI
A retail property located at 747 Ninth Avenue in Hell's Kitchen 🔥 has been leased. The lease transaction took place on 08/27/2021.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $150/ft.
- Square Footage: 2,000
- Address: 747 Ninth Avenue
- Market: Hell's Kitchen
The tenant for this leased property is CheeseBoatBK 🧀 🛶. The landlord, D&D Realty Company, is represented by Dominick D’Alleva. The leasing transaction was facilitated by brokers James Famularo and Logan Ryan 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