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7 East 14th Street

Live By The Sword Tattoo Leases Retail Space At 7 East 14th Street In Union Square
LEASEDRetail

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

David Green

Kassin Sabbagh Realty

Broker

$447M

vol

176 deals

Broker
David Oheb
Verified Badge

David Oheb

Meridian Capital Group

Broker

$821.5M

vol

77 deals

Broker
Metropolitan Commercial Bank
Metropolitan Commercial BankLender
TF Cornerstone
TF CornerstoneLandlord

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