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123 5th Avenue

The Law Offices Of Mitchell S. Segal Signs Lease At 123 5th Avenue With Hersel Torkian Jaan & Family
LEASEDRetail

The Law Offices Of Mitchell S. Segal Signs Lease At 123 5th Avenue With Hersel Torkian Jaan & Family

123 5th Avenue

$70

$70/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Mar 29, 2026

AI

The asset involved in this transaction is a retail space located at 123 5th Avenue - Fifth Floor in the Flatiron District. The property spans 2,500 square feet and features a single net lease structure with an asking rent of $70 per square foot.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $175,000
  • Landlord: Hersel Torkian Jaan & Family
  • Tenant: The Law Offices of Mitchell S. Segal
  • Brokers: Noam Aziz, Carson Shahrabani & Joseph Khojahiny - Meridian Capital Group
  • Lease Type: Single Net Lease

This transaction features key individuals including landlord Hersel Torkian Jaan & Family and tenant The Law Offices of Mitchell S. Segal, facilitated by brokers Noam Aziz, Carson Shahrabani, and Joseph Khojahiny from Meridian Capital Group, who played a significant role in the leasing process.

Players

Joseph Khojahiny

Meridian Capital Group

Broker

12 deals

Broker

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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93