Jian Bing Man Leases Retail Space At 120 First Avenue In East Village With Tenant's Rep Abby Chen - Evergold Properties And Landlord's Rep Greg Goldberg & James Famularo - Meridian Retail Leasing. Asking Rent: $157/ft. ~ SF: 1,000
120 First Avenue, East Village, New York, NY, USA
Building Size
1,000 SF
Asset Type
Retail
Closing
Mar 3, 2021
About this deal
AI
The leased property is located at 120 First Avenue in the East Village. It is a retail space with an area of 1,000 square feet. The lease transaction took place on 03/04/2021.
Summary of transaction details
- Property Type: Retail
- Address: 120 First Avenue
- Market: East Village
The tenant in this lease is Jian Bing Man, and the landlord is Steve Croman. The tenant was represented by Abby Chen from Evergold Properties, while the landlord was represented by Greg Goldberg and James Famularo from Meridian Retail Leasing.
The asking rent for the property was $157 per square foot.
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