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
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