Post Food Corp Secures 21,000 SF Retail Lease At 317 Ninth Avenue From United States Postal Service
317 Ninth Avenue
$125
$125/SF
Building Size
21,000 SF
Asset Type
Retail
Closing
Mar 29, 2026
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.
Players
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93