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11 Avenue D, SPC A

Sam'S Mini Market Leases Retail Space At 11 Avenue D, East Village
LEASEDRetail

Sam'S Mini Market Leases Retail Space At 11 Avenue D, East Village

11 Avenue D, SPC A

$144

$144/SF

Building Size

750 SF

Asset Type

Retail

Closing

Jun 18, 2024

AI

Located at 11 Avenue D - Space A in East Village, Manhattan, this retail property was leased to Sam'S Mini Market under a 10-year Modified Gross Lease agreement. The space spans 750 square feet with an asking rent of $144 per square foot.

Summary of transaction details:

In facilitating this lease, Avenue Realty Advisors acted as the dual representative for both the landlord, Dariel Nunez, and the tenant, Sam'S Mini Market. The quick lease of the property came after the space had been vacant for an extended period and was listed under ARA's representation, showcasing their ability to match unique tenants with suitable spaces from their diverse tenant list.

Players

Aaron Aziz

ARA

Broker

47 deals

Broker

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

110159.72%

Cash-on-Cash

-31483.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93