Hen House NYC Leases Retail Space At 120 1st Avenue, East Village, Manhattan
120 1st Ave. New York, NY 10009, USA
$185
$185/SF
Building Size
650 SF
Asset Type
Retail
Closing
Sep 7, 2023
AI
A retail property located at 120 1st Avenue in East Village, Manhattan, has recently been leased. The property, with a size of approximately 650 square feet, was leased by Hen House NYC. The landlord, Centennial Properties, represented by their brokers Ben Biberaj and Nick Lizana from Meridian Capital Group, finalized the deal.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $185 per square foot
- Size: 650 square feet
- Address: 120 1st Avenue, East Village, Manhattan
- Market: East Village, Manhattan
The lease agreement for the retail property at 120 1st Avenue was facilitated by Centennial Properties, the landlord. The tenant, Hen House NYC, will now occupy the space. Ben Biberaj and Nick Lizana from Meridian Capital Group acted as the brokers for Centennial Properties in this lease transaction.
Players
Market 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
85745.95%
Cash-on-Cash
-24506.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93