facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

317 Ninth Avenue

Post Food Corp Secures 21,000 SF Retail Lease At 317 Ninth Avenue From United States Postal Service
LEASEDRetail

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

Matthew Fernandez
Verified Badge

Matthew Fernandez

OpenKey™

Broker

$22.3M

vol

12 deals

Broker

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

126904.00%

Cash-on-Cash

-36269.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93