Taras Lozowy Leases Retail Space To Twilight Lounge At 110 1st Avenue In East Village
110 1st Avenue
$163
$163/SF
Building Size
1,100 SF
Asset Type
Retail
Closing
Nov 11, 2024
AI
The property involved in this transaction is a retail asset located at 110 1st Avenue in the East Village market. The asking rent for the space is $163 per square foot, and the total square footage of the lease is 1,100 square feet. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $163/ft
- Square Footage: 1,100
- Lease Type: Modified Gross Lease
- Landlord: Taras Lozowy
- Tenant: Twilight Lounge
- Broker Representatives: James Famularo, Kyle Fink & Jessica Blocker - Meridian Capital Group
- Lease Date: 11/11/2024
James Famularo, Kyle Fink, and Jessica Blocker represented the broker agency, Meridian Capital Group, in this transaction. They facilitated the lease agreement between the landlord, Taras Lozowy, and tenant, Twilight Lounge.
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
97319.02%
Cash-on-Cash
-27814.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93