Steven Croman Leases Mixed-use Space To Wine Art Laboratory At 40 Avenue B In East Village
40 Avenue B
$108
$108/SF
Building Size
2,000 SF
Asset Type
Mixed-use
Closing
Feb 17, 2026
About this deal
AI
The property asset involved in this lease transaction is located at 40 Avenue B in the East Village market of Manhattan. This mixed-use space measures 2,000 square feet and has an asking rent of $108 per square foot. The lease is structured as a modified gross lease with a term of 10 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $216,000
- Landlord: Steven Croman
- Tenant: Wine Art Laboratory
- Brokers: Jack Sash Basora, Mark Golberg & Aryeh Vilinsky - Tahari Realty
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
This deal involves several key individuals and their respective agencies. The landlord, Steven Croman, has leased the property to Wine Art Laboratory, represented in this transaction by brokers Jack Sash Basora, Mark Golberg, and Aryeh Vilinsky, all associated with Tahari Realty.
On the Map
$108
$108/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
146879.63%
Cash-on-Cash
-41978.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93