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788 9th Avenue, New York Ci...

Bobwhite Counter Leases Retail Space In Hell's Kitchen On Ninth Avenue
LEASEDRetail

Bobwhite Counter Leases Retail Space In Hell's Kitchen On Ninth Avenue

788 9th Avenue, New York City, New York 10019, United States

Building Size

2,000 SF

Asset Type

Retail

Closing

May 31, 2022

AI

Located at 788 Ninth Avenue in Hell's Kitchen, this retail space has recently been leased. Spanning 2,000 square feet, the property was leased by Bobwhite Counter. The landlord, Josh Goldberg, was represented by Jeff Geoghegan of KSR, while Brandon Miller of Newmark and David Abrams of Masonre acted as the tenant's representatives.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Asking Rent: $220 per square foot
  • Market: Hell's Kitchen
  • Tenant: Bobwhite Counter
  • Tenant's Representative: Brandon Miller - Newmark & David Abrams - Masonre
  • Landlord: Josh Goldberg
  • Landlord's Representative: Jeff Geoghegan - KSR

This deal marks a successful lease agreement for Bobwhite Counter, who will now be operating their business at 788 Ninth Avenue. The specific terms of the lease, such as the duration and any conditions, were not disclosed in the given information.

Players

Jeff Geoghegan

Kassin Sabbagh Realty

Broker

27 deals

Broker
Newmark
NewmarkBrokerage

Josh Goldberg

Landlord

$6.6M

vol

6 deals

Landlord

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