Post Food Corp Secures 21,000 SF Retail Lease At 317 Ninth Avenue From United States Postal Service
317 Ninth Avenue
Building Size
21,000 SF
Asset Type
Retail
Closing
Mar 29, 2026
About this deal
AI
A retail lease has been secured for 21,000 square feet at 317 Ninth Avenue in Manhattan. The asking rent for this property is $100 per square foot. The landlord involved in this transaction is the United States Postal Service.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: United States Postal Service
- Tenant: Post Food Corp.
- Tenant's Representative: Matthew Fernandez - OpenKey™
- Tenant's Attorney: Charles Stark - Schwartz Levine Pinkas Stark PLLC
Matthew Fernandez, the Founder & CEO of OpenKey™, represented Post Food Corp. in this transaction. The process involved negotiating with a federal government landlord, which added complexity to the deal. Post Food Corp. has been a part of the neighborhood since 1997, emphasizing the importance of maintaining its presence in the community.
On the Map
Retail
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New York Retail Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93