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118 Greenwich Ave, Manhatta...

Gatsby Enterprises Leases Retail Space To Pennsylvania 6 At 118 Greenwich Ave. In Greenwich Village
LEASEDRetail

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

Aaron Aziz

ARA

Broker

47 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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