Laura Puerta Leases Retail Space To Fairy Nails At 818 10th Avenue In Hell's Kitchen
818 10th Avenue
$95
$95/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Oct 24, 2025
AI
The property involved in this lease transaction is located at 818 10th Avenue in Hell's Kitchen, Manhattan. It is classified as a retail asset, encompassing a total square footage of 1,200. The asking rent for the space is set at $95 per square foot, and it operates under a single net lease agreement.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $114,000
- Address: 818 10th Avenue
- Market: Hell's Kitchen, Manhattan
- Landlord: Laura Puerta
- Tenant: Fairy Nails
- Landlord's Representative: Bobby Ortense & Ben Haggard - Meridian Capital Group
- Tenant's Representative: Yu Yong - Eastriver Realty Brokerage
- Lease Type: Single Net Lease
Key individuals in this transaction include the landlord, Laura Puerta, and the tenant, represented by Yu Yong from Eastriver Realty Brokerage. The landlord's interests were represented by Bobby Ortense and Ben Haggard from Meridian Capital Group, who facilitated the leasing process.
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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93