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
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