SNS Brows Studio Inc. Leases Retail Space At 755 6th Avenue With Landlord Tal Nir
755 6th Avenue
$83
$83/SF
Building Size
1,050 SF
Asset Type
Retail
Closing
Nov 23, 2024
AI
The property involved in this transaction is a retail asset located at 755 6th Avenue in the Chelsea market. The space encompasses a total of 1,050 square feet and has an asking rent of $83 per square foot. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $83/ft
- Address: 755 6th Avenue
- Market: Chelsea
- Square Footage: 1,050
- Landlord: Tal Nir
- Tenant: SNS Brows Studio Inc.
- Landlord's Representative: Noam Aziz & Eli Marcus - Meridian Capital Group
- Tenant's Representatives: Elliot Warren - Kaufman Organization & Natalie Baghdadi - Corcoran
The deal was facilitated with representation from both sides, where Noam Aziz and Eli Marcus represented the landlord, Tal Nir, while Elliot Warren and Natalie Baghdadi represented the tenant, SNS Brows Studio Inc. The collaborative efforts of these representatives were instrumental in finalizing the lease transaction.
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
191120.48%
Cash-on-Cash
-54622.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93