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755 6th Avenue

SNS Brows Studio Inc. Leases Retail Space At 755 6th Avenue With Landlord Tal Nir
LEASEDRetail

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:

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

Elliot Warren

Kaufman Organization

Broker

8 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage

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