Mosalah Trading Leases Retail Space At 102 East 7th Street In East Village, Manhattan
102 E 7th St New York, NY 10009, USA
$120
$120/SF
Building Size
700 SF
Asset Type
Retail
Closing
Sep 1, 2023
AI
A retail property located at 102 East 7th Street in East Village, Manhattan has been leased. The property, spanning 700 square feet, was leased by Mosalah Trading from Centennial Properties. The deal was facilitated by Ben Biberaj and Cameron Parson of Meridian Capital Group. The asking rent for the property was $120 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 102 East 7th Street, East Village, Manhattan
- Tenant: Mosalah Trading
- Landlord: Centennial Properties
- Brokers: Ben Biberaj and Cameron Parson - Meridian Capital Group
- Asking Rent: $120/ft
- Square Feet: 700
The lease transaction at 102 East 7th Street in East Village, Manhattan was executed by Mosalah Trading as the tenant, leasing the retail property from Centennial Properties. The deal was arranged by Ben Biberaj and Cameron Parson of Meridian Capital Group. By securing this lease, Mosalah Trading has established a presence in the vibrant East Village market.
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93