Kaliva Convenience Leases Retail Space At 11 Avenue B In East Village From Steven Croman
11 Avenue B
$99
$99/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Sep 8, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 11 Avenue B in the East Village, Manhattan. The asking rent for this space, which spans 1,200 square feet, is set at $99 per foot. The lease type agreed upon in this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $99/ft
- Address: 11 Avenue B
- Market: East Village, Manhattan
- Lease Type: Modified Gross Lease
- Landlord: Steven Croman
- Tenant: Kaliva Convenience
- Broker: Elliot Wygoda - Meridian Capital Group
- Square Footage: 1,200
This transaction highlights the engagement of key individuals where Steven Croman is noted as the landlord, while Kaliva Convenience enters as the tenant. The broker managing this deal is Elliot Wygoda of Meridian Capital Group, ensuring the transaction's facilitation within the retail market sector.
On the Map
$99
$99/SF
Retail
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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
160232.32%
Cash-on-Cash
-45794.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93