RaízNYC Leases Retail Space At 120 First Ave. In East Village With Landlord Steven Croman And Meridian Retail Leasing Brokers
120 First Ave, East Village, New York, NY, USA
Building Size
650 SF
Asset Type
Retail
Closing
Oct 18, 2021
About this deal
AI
An retail space located at 120 First Ave. in East Village has been leased. The property, spanning 650 square feet, was leased by RaízNYC. The landlord in this transaction is Steven Croman. The leasing deal was facilitated by Meridian Retail Leasing brokers Ben Biberaj, Alex Imperatore, and Elliot Wygoda.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 120 First Ave.
- Market: East Village
Ben Biberaj, Alex Imperatore, and Elliot Wygoda from Meridian Retail Leasing played a key role in representing RaízNYC in this leasing deal.
Players
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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