Tao Nail Salon Signs Lease At 124 Second Avenue In East Village For $125 Per Foot
124 Second Avenue
$125
$125/SF
Building Size
800 SF
Asset Type
Retail
Closing
Jul 8, 2026
About this deal
AI
This is a retail asset located at 124 Second Avenue in East Village, Manhattan, with an asking rent of $125 per square foot. The total square footage of the space is 800, and the lease type is a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Lease Type: Single Net Lease
- Tenant: Tao Nail Salon
- Landlord's Representative: Noam Aziz & Max Freudenberger - Meridian Capital Group
- Tenant's Representative: Will Sine - Meridian Retail Leasing
The lease transaction was facilitated by Noam Aziz and Max Freudenberger representing the landlord, while Will Sine represented the tenant, Tao Nail Salon. These professionals are associated with Meridian Capital Group and Meridian Retail Leasing, respectively.
On the Map
$125
$125/SF
Retail
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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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93