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1701 Us Route 22

Levin Management & E.J. Moawad Lease Retail Space To ISmash At 1701 US Route 22 In Watchung
LEASEDRetail

Levin Management & E.J. Moawad Lease Retail Space To ISmash At 1701 US Route 22 In Watchung

1701 Us Route 22

$30

$30/SF

Building Size

7,236 SF

Asset Type

Retail

Closing

Jun 21, 2026

AI

The asset involved in this transaction is a retail property located at 1701 US Route 22 in Watchung, NJ. The property encompasses 7,236 square feet and has an asking rent of $30 per square foot. The lease term is designated as long-term, reflecting a commitment to the property occupancy.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $30/ft
  • Address: 1701 US Route 22
  • Market: Watchung, NJ
  • Lease Term: Long term
  • Landlord: Levin Management & E.J. Moawad
  • Tenant: iSmash
  • Landlord's Representative: E.J. Moawad - Levin Management
  • Tenant's Representatives: Joe Brendel & Ravi Idnani - Newmark

This transaction highlights the involvement of Levin Management, where E.J. Moawad represents the landlord, alongside the tenant iSmash, represented by Joe Brendel and Ravi Idnani from Newmark. The engagement between these parties is indicative of a structured leasing process aimed at fulfilling the retail sector's needs in the Watchung area.

Players

Ravi Idnani

Newmark

Broker

$3M

vol

68 deals

Broker
E.J. Moawad

E.J. Moawad

Levin Management

Landlord

8 deals

Landlord

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

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93