Exmus Leases Mixed-use Space At 42 Avenue B In East Village For $130/ft
42 Avenue B
$130
$130/SF
Building Size
1,000 SF
Asset Type
Mixed-use
Closing
May 31, 2026
AI
The mixed-use property located at 42 Avenue B in the East Village, Manhattan has been leased. The lease terms stipulate a rental price of $130 per square foot for a total area of 1,000 square feet. The lease agreement is set for a duration of 10 years and is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $130/ft
- Lease Term: 10 years
- Lease Type: Modified Gross Lease
- Landlord: Steven Croman
- Tenant: Exmus
- Landlord's Representative: Jack Sash Basora, Joshua Azizian & Mark Golberg - Tahari Realty
The deal involved the landlord Steven Croman and tenant Exmus, with the representation for the landlord provided by brokers Jack Sash Basora, Joshua Azizian, and Mark Golberg from Tahari Realty. This transaction highlights the collaboration of multiple professionals in securing the lease agreement.
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
122023.08%
Cash-on-Cash
-34874.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93