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:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Dariel Nunez
- Tenant: Sam'S Mini Market
- Brokers: Benjamin Namdar & Aaron Aziz - Avenue Realty Advisors
- Lease Type: Modified Gross Lease
- Lease Term: 10 years
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.
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