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750 8th Avenue

Verizon Wireless Leases Retail Space At 750 8th Avenue With Landlord Hersel Torkian
LEASEDRetail

Verizon Wireless Leases Retail Space At 750 8th Avenue With Landlord Hersel Torkian

750 8th Avenue

$250

$250/SF

Building Size

1,200 SF

Asset Type

Retail

Closing

Sep 1, 2024

AI

The retail asset located at 750 8th Avenue in the Theater District features an asking rent of $250 per square foot for a total of 1,200 square feet.

Summary of transaction details:

This transaction involved multiple brokers working under KSR, representing the landlord and tenant in securing the lease for the property, facilitating negotiations and ensuring all parties' interests were addressed throughout the process.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

87 deals

Broker

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

63452.00%

Cash-on-Cash

-18134.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93