Centennial Properties Leases Retail Space At 40 Avenue B In New York With Brokers Ben Biberaj, Elliot Wygoda, And Clayton Traynham
40 Avenue B
$150
$150/SF
Building Size
1,500 SF
Asset Type
Retail
Closing
Apr 24, 2023
AI
Centennial Properties has recently leased a retail space located at 40 Avenue B in New York. The property, measuring 1,500 square feet, was leased through the efforts of Ben Biberaj and Elliot Wygoda from Meridian Capital Group, along with Clayton Traynham from Rhino Realty. The asking rent for the space was $150 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 40 Avenue B, New York
- Market: New York
Ben Biberaj and Elliot Wygoda from Meridian Capital Group, along with Clayton Traynham from Rhino Realty, were the key brokers involved in this lease transaction for the retail space at 40 Avenue B in New York.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93