Polymarket Leases Retail Space At 137 7th Avenue South In Manhattan Under NNN Lease
137 7th Avenue South
$264
$264/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Jan 2, 2026
AI
The property asset involved in this transaction is located at 137 7th Avenue South in Manhattan. It is a retail space with a total square footage of 3,000. The asking rent for this location was set at $264 per square foot, under a NNN lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $792,000
- Landlord: Steven Croman
- Tenant: Polymarket
- Brokers: Jack Sash Basora, Mark Golberg & Aryeh Vilinsky - Tahari Realty
This lease transaction was facilitated by Tahari Realty, representing both the tenant Polymarket and the landlord Steven Croman. The lease will serve as the home for Polymarket's new concept, “The Polymarket,” showcasing innovative grocery activation within the West Village storefront. The successful lease demonstrates the ability of Tahari Realty to provide creative solutions that maximize value for clients in the competitive NYC market.
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
60087.12%
Cash-on-Cash
-17173.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93