Meridian Capital Group Leases Retail Space To MNE Ebike Repair In East Village
117 East 7th Street
$190
$190/SF
Building Size
600 SF
Asset Type
Retail
Closing
Jun 6, 2024
About this deal
AI
The retail property located at 117 East 7th Street in the East Village of Manhattan has been leased. The asset spans 600 square feet with an asking rent of $190 per square foot. The deal involves Vlas Tsirkin as the landlord and MNE Ebike Repair as the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 117 East 7th Street
- Market: East Village, Manhattan
- Landlord: Vlas Tsirkin
- Tenant: MNE Ebike Repair
- Landlord's Rep: James Famularo & Jacob Mayer - Meridian Capital Group
- Tenant's Rep: Yu Yong - Eastriver Realty Brokerage
- Asking Rent: $190/ft
- Lease Type: Retail Lease
James Famularo and Jacob Mayer from Meridian Capital Group represent the landlord in this retail lease transaction, while Yu Yong from Eastriver Realty Brokerage serves as the tenant's representative, facilitating the agreement between Vlas Tsirkin and MNE Ebike Repair.
On the Map
$190
$190/SF
Retail
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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
83489.47%
Cash-on-Cash
-23861.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93