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897 8th Avenue

Blank Street Coffee Leases Retail Space At 897 8th Avenue In Midtown West
LEASEDRetail

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

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

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker
Madison Capital Group
Madison Capital 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

79315.00%

Cash-on-Cash

-22668.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93