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
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