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888 6th Ave New York, NY 10...

Brick Stone Pizza Leases Retail Space At 888 6th Avenue In New York City
LEASEDRetail

Brick Stone Pizza Leases Retail Space At 888 6th Avenue In New York City

888 6th Ave New York, NY 10001, USA

$275

$275/SF

Building Size

1,050 SF

Asset Type

Retail

Closing

Jun 27, 2023

AI

The retail space located at 888 6th Avenue in New York City has been leased by Brick Stone Pizza. The property, owned by The Torkian Group, spans approximately 1,050 square feet. The lease transaction was facilitated by Josh Vilinsky and Albert Manopla from KSR, representing the tenant, and Nevin Danziger from The Torkian Group. The asking rent for the space was $275 per square foot.

Summary of Transaction Details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Date: 06/27/2023
  • Address: 888 6th Avenue, New York City
  • Market: New York City
  • Landlord: The Torkian Group
  • Tenant: Brick Stone Pizza
  • Tenant's Representatives: Josh Vilinsky & Albert Manopla - KSR; Nevin Danziger - The Torkian Group
  • Asking Rent: $275 per square foot
  • Space Size: 1,050 square feet

Josh Vilinsky and Albert Manopla from KSR, along with Nevin Danziger from The Torkian Group, played crucial roles in the lease transaction for the retail space. Their expertise and negotiation skills were instrumental in finalizing the deal, ensuring that both the tenant and landlord achieved their objectives.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

87 deals

Broker
TG
The Torkian GroupLandlord

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

57683.64%

Cash-on-Cash

-16486.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93