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42 Avenue B

Exmus Leases Mixed-use Space At 42 Avenue B In East Village For $130/ft
LEASEDMixed-use

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

Jack Sash Basora

Tahari Realty

Broker

$17M

vol

27 deals

Broker

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