David Koptiev Leases Retail Space To Shinzo Sushi At 106 Avenue B In East Village
106 Avenue B
$112
$112/SF
Building Size
800 SF
Asset Type
Retail
Closing
Aug 1, 2025
AI
The property asset involved is a retail space located at 106 Avenue B - North Store in the East Village, Manhattan. The asking rent for the space is $112 per square foot, with a total square footage of 800. The lease type for this property is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $112/ft
- Square Footage: 800
- Address: 106 Avenue B - North Store
- Market: East Village, Manhattan
- Landlord: David Koptiev
- Tenant: Shinzo Sushi
- Landlord's Representative: James Famularo & Jacob Mayer - Meridian Capital Group
The transaction involves key individuals such as landlord David Koptiev and tenants Shinzo Sushi, with representation provided by brokers James Famularo and Jacob Mayer from Meridian Capital Group, ensuring that both sides are effectively represented in this lease agreement.
Players
New York 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
141633.93%
Cash-on-Cash
-40479.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93