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749 Ninth Avenue, Manhattan...

Up Thai Signs Lease For Retail Space In Hell's Kitchen On Ninth Avenue
LEASEDRetail

Up Thai Signs Lease For Retail Space In Hell's Kitchen On Ninth Avenue

749 Ninth Avenue, Manhattan, New York, NY, USA

Building Size

1,800 SF

Asset Type

Retail

Closing

Nov 1, 2021

AI

The retail property located at 749 Ninth Avenue in Hell's Kitchen has been leased. The space spans 1,800 square feet and was leased by the tenant, Up Thai. The tenant was represented by Yoni Hadar & Garrett Kelly from Meridian Retail Leasing, while Capital Street Advisors acted as the landlord's representative. The asking rent for the property was $153 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Leased
  • Date: 11/01/2021
  • Address: 749 Ninth Avenue
  • Market: Hell's Kitchen

Yoni Hadar & Garrett Kelly from Meridian Retail Leasing played a crucial role as the tenant's representatives in this lease deal. They worked alongside Capital Street Advisors, who represented the landlord. This transaction took place on 11/01/2021, with the retail space situated in the vibrant market of Hell's Kitchen.

Players

Yoni Hadar

Delshah Capital

Broker

29 deals

Broker
UT
Up ThaiTenant

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