Blank Street Coffee Leases Retail Space At 897 8th Avenue In Midtown West
897 8th Avenue
$200
$200/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Sep 18, 2022
About this deal
AI
The retail property located at 897 8th Avenue in Midtown West was recently leased. The tenant, Blank Street Coffee, has signed a lease agreement with the landlord, Madison Capital. The deal was facilitated by the brokers Brandon Singer, Michael Cody, Suzanne Bernstock, and Max Kreinces from Retail By MONA. The lease agreement covers a space measuring approximately 1,100 square feet.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $200/ft.
- Square Footage: 1,100
- Tenant: Blank Street Coffee
- Landlord: Madison Capital
- Brokers: Brandon Singer, Michael Cody, Suzanne Bernstock, and Max Kreinces - Retail By MONA
The involvement of Brandon Singer, Michael Cody, Suzanne Bernstock, and Max Kreinces from Retail By MONA was instrumental in successfully negotiating the lease on behalf of Blank Street Coffee and Madison Capital.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93