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40 Avenue B

Centennial Properties Leases Retail Space At 40 Avenue B In New York With Brokers Ben Biberaj, Elliot Wygoda, And Clayton Traynham
LEASEDRetail

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

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

197 deals

Broker
Centennial Properties
Centennial PropertiesLandlord

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