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111 1st Avenue

Yolanda Sawisny Leases Retail Space To Reginas At 111 1st Avenue For $150/ft
LEASEDRetail

Yolanda Sawisny Leases Retail Space To Reginas At 111 1st Avenue For $150/ft

111 1st Avenue

$150

$150/SF

Building Size

400 SF

Asset Type

Retail

Closing

Mar 31, 2026

AI

The asset involved in the transaction is a retail space located at 111 1st Avenue in the East Village. The property features an asking rent of $150 per square foot and has a total square footage of 400. The lease type for this transaction is a Single Net Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $150/ft
  • Address: 111 1st Avenue
  • Market: East Village
  • Total Square Feet: 400
  • Lease Type: Single Net Lease
  • Landlord: Yolanda Sawisny
  • Tenant: Reginas
  • Landlord's Representative: Joaquin Carrillo & Aaron Harounian - Meridian Capital Group
  • Tenant's Representative: Stephen Ligambi - Meridian Capital Group

This transaction involves key representatives from Meridian Capital Group, with Joaquin Carrillo and Aaron Harounian representing the landlord Yolanda Sawisny, while Stephen Ligambi represents the tenant Reginas. All parties are instrumental in the completion of this lease agreement.

Players

Stephen Ligambi

Meridian Capital Group

Broker

31 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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93