Sauced Wine Bar Leases Retail Space In East Village
47 Second Avenue
Building Size
—
Asset Type
—
Closing
Aug 4, 2022
About this deal
AI
The retail property located at 47 Second Avenue in East Village has been leased. The property spans 3,500 square feet and features various amenities. The lease transaction was completed on 08/04/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Asking Rent: $150 per square foot
- Square Footage: 3,500
- Market: East Village
- Landlord: Dana Lowey
- Tenant: Sauced Wine Bar
- Broker: Greg Goldberg - Meridian Capital Leasing
Greg Goldberg from Meridian Capital Leasing represented the landlord, Dana Lowey, in the leasing transaction. Sauced Wine Bar will be the tenant at the retail property located at 47 Second Avenue in East Village.
On the Map
Players
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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