Live By The Sword Tattoo Leases Retail Space At 7 East 14th Street In Union Square
7 East 14th Street
$85
$85/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Sep 27, 2022
AI
A retail space located at 7 East 14th Street in Union Square has been leased. The property, totaling 3,000 square feet, was leased by Live by the Sword Tattoo. The landlord, TF Cornerstone, was represented by Brian Von Schmid from RIPCO. The tenant was represented by Gabe Icikson and David Green from Kassin Sabbagh Realty. The lease was signed for an asking rent of $85 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Address: 7 East 14th Street
- Market: Union Square
- Tenant: Live by the Sword Tattoo
- Tenant's Rep: Gabe Icikson & David Green - Kassin Sabbagh Realty
- Landlord: TF Cornerstone
- Landlord's Rep: Brian Von Schmid - RIPCO
- Asking Rent: $85/ft.
- Square Footage: 3,000
Gabe Icikson and David Green from Kassin Sabbagh Realty were instrumental in representing Live by the Sword Tattoo in securing the lease for the retail space at 7 East 14th Street. Brian Von Schmid from RIPCO provided representation for TF Cornerstone, the landlord. This transaction marks a successful collaboration between the tenant's representatives and the landlord's representative.
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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93