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130 East 7th Street

Meridian Capital Group Brokers Chrome Titan Downtown Lease In East Village, Manhattan
LEASEDRetail

Meridian Capital Group Brokers Chrome Titan Downtown Lease In East Village, Manhattan

130 East 7th Street

$170

$170/SF

Building Size

600 SF

Asset Type

Retail

Closing

Oct 24, 2023

AI

The retail property located at 130 East 7th Street in the East Village neighborhood of Manhattan has recently been leased. The property, measuring approximately 600 square feet, was leased by Chrome Titan Downtown. The deal was facilitated by James Famularo, Bobby Ortense, Ben Biberaj, and Gabi Weiss from the Meridian Capital Group. The asking rent for the lease was $170 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 130 East 7th Street
  • Market: East Village, Manhattan
  • Landlord: Paul Lyons - Helm Management
  • Tenant: Chrome Titan Downtown
  • Brokers: James Famularo, Bobby Ortense, Ben Biberaj, and Gabi Weiss - Meridian Capital Group
  • Asking Rent: $170 per square foot
  • Square Footage: 600

James Famularo, Bobby Ortense, Ben Biberaj, and Gabi Weiss from the Meridian Capital Group played a crucial role in facilitating the lease agreement for the retail property at 130 East 7th Street in the East Village. Their expertise in the market and negotiation skills were instrumental in closing the deal between Chrome Titan Downtown and the landlord, Paul Lyons of Helm Management. This lease agreement demonstrates the value and desirability of retail spaces in the East Village market.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

194 deals

Broker

Paul Lyons

Helm Management

Landlord

4 deals

Landlord

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

93311.76%

Cash-on-Cash

-26668.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93