Gatsby Enterprises Leases Retail Space To Pennsylvania 6 At 118 Greenwich Ave. In Greenwich Village
118 Greenwich Ave, Manhattan, New York, NY, USA
Building Size
2,100 SF
Asset Type
Retail
Closing
Jan 21, 2021
AI
Located in Greenwich Village, the retail property at 118 Greenwich Ave. has recently been leased. The property, spanning 2,100 square feet, was leased by Pennsylvania 6. The landlord for this transaction is Gatsby Enterprises. The lease was brokered by Aaron Aziz of Avenue Realty Advisors, James Bullaro of Avenue Realty Advisors, and David Singer of Katz & Associates. The asking rent for the space was $200 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
Avenue Realty Advisors, also known as ARA, is a boutique real estate firm that specializes in handling both small and large commercial transactions in New York City. ARA offers dual representation for both tenants and landlords in the restaurant, retail, office, and industrial sectors. With their personalized campaign approach, ARA connects landlords with potential tenants and guides them through the leasing process. The ARA team consists of Aaron Aziz, the Principal Broker, and James Bullaro, the Managing Director.
If you are interested in leasing your vacant commercial space or opening a new commercial space, you can reach out to Avenue Realty Advisors via their website at https://www.aranyc.com/contact.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93