facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

117 East 7th Street

Meridian Capital Group Leases Retail Space To MNE Ebike Repair In East Village
LEASEDRetail

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

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:

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

367 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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