Centennial Properties Leases Retail Space At 11 Avenue B In East Village, Manhattan To Kaliva
11 Avenue B
$120
$120/SF
Building Size
1,200 SF
Asset Type
Retail
Closing
Nov 8, 2023
About this deal
AI
This retail property located at 11 Avenue B in the East Village of Manhattan has been leased. The landlord for this property is Centennial Properties, and the tenant is Kaliva. The deal was facilitated by Ben Biberaj and Elliot Wygoda from the Meridian Capital Group.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $120/ft
- Square Footage: 1,200
- Lease Type: Modified Gross Lease
- Lease Term: Retail
- Market: East Village, Manhattan
Ben Biberaj and Elliot Wygoda from the Meridian Capital Group represented the tenant and helped secure the lease for Kaliva at 11 Avenue B in the East Village. This deal involved a modified gross lease agreement.
On the Map
$120
$120/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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93