LEASEDRetail
Kossar’s Bagels & Bialys Leases Retail Space At 312 11th Avenue In Chelsea For $120/ft. With Peter Braus Of Lee & Associates NYC Brokerage
312 West 11th Street, Chelsea, OK, USA
Building Size
1,200 SF
Asset Type
Retail
Closing
Jun 6, 2021
AI
The retail property located at 312 11th Avenue in Chelsea has recently been leased. The asset spans 1,200 square feet and was leased by Kossar’s Bagels & Bialys.
Summary of transaction details:
- Property Type: Retail
- Tenant: Kossar’s Bagels & Bialys
- Landlord: Douglaston Development - Joshua Young
- Broker: Peter Braus - Lee & Associates NYC
- Asking Rent: $120 /ft.
- SF: 1,200
- Term: 15-year
Peter Braus from Lee & Associates NYC represented Kossar’s Bagels & Bialys in the lease deal.
Players
Chelsea 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93