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
About this deal
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.
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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