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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

360 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

83489.47%

Cash-on-Cash

-23861.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93