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96 West Houston Street, New...

Sekai Leases High-End Omakase-Style Restaurant In West Village, Manhattan
LEASEDRetail

Sekai Leases High-End Omakase-Style Restaurant In West Village, Manhattan

96 West Houston Street, New York City, New York 10012, United States

Building Size

1,050 SF

Asset Type

Retail

Closing

Mar 31, 2022

AI

The West Village in Manhattan recently saw a new addition to its vibrant retail scene with the lease of a high-end omakase-style restaurant. Located at 96 W. Houston St., this bustling retail space will be home to Sekai, a well-known restaurant chain with multiple locations in NYC. The lease was facilitated by Avenue Realty Advisors, with brokers Daniel Levian and Aaron Aziz representing both the landlord, James Ferrari, and the tenant, Sekai. A premier retail asset in the West Village, this space offers approximately 1,050 square feet of prime shopping and dining real estate.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: Not available
  • Asking Rent: $120/ft.
  • Square Footage: 1,050
  • Address: 96 W. Houston St.
  • Market: West Village, Manhattan

A notable aspect of this lease is that Avenue Realty Advisors represents a diverse range of tenants with unique trade and styles. As a prominent real estate agency in NYC, they have successfully catered to various retail and commercial leasing needs. Sekai's decision to join the West Village food-loving community underscores the reputation and desirability of the area for culinary establishments. With other popular locations in its portfolio, including Shinn East, Ume, Sanyuu West, and Thirteen Water, Sekai is poised to make a splash among locals in its new West Village location.

For individuals interested in leasing their commercial space or tenants searching for a new or additional location, Avenue Realty Advisors offers expert guidance and personalized solutions. They specialize in matching unique tenants with suitable commercial spaces, ensuring both parties can thrive in their respective ventures.

To learn more about Avenue Realty Advisors and their services, visit their website at www.aranyc.com or follow them on Instagram at @aranyc_. For inquiries, feel free to reach out to Aaron Aziz, Principal Broker, at 516.355.8018 or [email protected], and Daniel Levian, Associate, at 917.531.5529 or [email protected].

If you are interested in joining the Avenue Realty Advisors team, you can contact them through https://www.aranyc.com/contact.

Players

Aaron Aziz

ARA

Broker

47 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93