facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

441 Ninth Avenue

Limusina Leases Retail Space At 441 Ninth Avenue In Hudson Yards For 15 Years
LEASEDRetail

Limusina Leases Retail Space At 441 Ninth Avenue In Hudson Yards For 15 Years

441 Ninth Avenue

$200

$200/SF

Building Size

8,465 SF

Asset Type

Retail

Closing

Apr 28, 2024

AI

The property asset involved in this lease transaction is located at 441 Ninth Avenue in the Hudson Yards market. This retail space consists of 8,465 square feet and is under a 15-year single net lease with an asking rent of $200 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,693,000
  • Lease Term: 15 years
  • Lease Type: Single Net Lease
  • Landlord: CommonWealth Partners
  • Tenant: Limusina
  • Landlord's Rep: Steven E. Baker, Michael Shkreli & Daniyel Cohen - RTL Real Estate
  • Tenant's Rep: Taryn Brandes & Emily Green - Brand Urban

This deal showcases the collaboration of various representatives in the transaction. Landlord's representatives Steven E. Baker, Michael Shkreli, and Daniyel Cohen from RTL Real Estate worked to finalize the lease with tenant representatives Taryn Brandes and Emily Green from Brand Urban, facilitating the successful agreement between CommonWealth Partners and Limusina.

Players

Michael Shkreli

RTL Real Estate

Broker

5 deals

Broker
RTL Real Estate
RTL Real EstateBrokerage
Brand Urban
Brand UrbanBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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