Crab House Leases Retail Space At 11 East 13th Street For $154 Per Ft By Toren Family
11 East 13th Street
$154
$154/SF
Building Size
6,500 SF
Asset Type
Retail
Closing
Aug 26, 2026
About this deal
AI
The property involved in this transaction is a retail space located at 11 East 13th Street in the New York market. The asset encompasses a total area of 6,500 square feet with an asking rent of $154 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $154/ft
- Square Footage: 6,500 SF
- Address: 11 East 13th Street
- Market: New York
- Landlord: Toren Family
- Tenant: Crab House
- Landlord's Representative: Noam Aziz & Carson Shahrabani - Meridian Capital Group
- Lease Type: Retail Lease
The key individuals involved in this deal include the landlord, Toren Family, and the tenant, Crab House. The negotiation was represented by Noam Aziz and Carson Shahrabani from Meridian Capital Group, who acted as the landlord's representatives throughout the leasing process.
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
103006.49%
Cash-on-Cash
-29439.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93