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312 E 9th Street

Sippy Cafe And Juice Bar Leases Retail Space In East Village For $161/ft
LEASEDRetail

Sippy Cafe And Juice Bar Leases Retail Space In East Village For $161/ft

312 E 9th Street

$161

$161/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Jan 31, 2023

AI

The retail property located at 312 E 9th Street in the East Village has been leased. The tenant for this space is Sippy Cafe And Juice Bar. The lease transaction was facilitated by Keat Chew from Kinetic Real Estate Group, serving as the tenant's representative, and Greg Goldberg from Meridian Capital Group, representing the landlord, Eric Abikzer. The property has a total area of 1,000 square feet. The asking rent for the space was $161 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 312 E 9th Street
  • Market: East Village
  • Tenant: Sippy Cafe And Juice Bar
  • Landlord: Eric Abikzer
  • Tenant's Representative: Keat Chew - Kinetic Real Estate Group
  • Landlord's Representative: Greg Goldberg - Meridian Capital Group
  • Asking Rent: $161/ft
  • Square Footage: 1,000

Greg Goldberg from Meridian Capital Group and Keat Chew from Kinetic Real Estate Group played pivotal roles in securing the lease transaction for the retail space at 312 E 9th Street in the East Village. Eric Abikzer served as the landlord for this agreement, while Sippy Cafe And Juice Bar became the tenant. The negotiations for this lease were successfully facilitated by Greg Goldberg, representing the landlord, and Keat Chew, acting as the tenant's representative.

Players

Greg Goldberg

Meridian Capital Group

Broker

$4.3M

vol

71 deals

Broker

Market 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

98527.95%

Cash-on-Cash

-28159.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93